The asset is trading $XRP near $1.50, while buyers are trying to defend the $1.45 level. This move comes ahead of two upcoming network upgrades supporting the currency on October 8 and 9.
Forecasts indicate that the two upgrades could be a significant catalyst if they help improve network performance or attract new uses, but the market is waiting for more details before confirming an uptrend.
On the liquidity side, leverage on the Binance platform is recovering, which may mean a gradual return of risk-taking among traders. This recovery does not guarantee a breakout, but it reduces liquidation pressure that accompanied periods of decline.
The critical level right now is $1.55. Breaking it with a clear daily close could open the door to further upside, while failing to surpass it may send the price back to retest $1.45.
The details of the two upgrades are still limited, and whether they are enough to push $XRP above $1.55 remains uncertain until the launch date and the market’s reaction.
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