XRP is nearing a test of $1.55… Could the journey to $2 begin?
XRP continues to trade near $1.50, alongside a sharp rise in trading activity in South Korea. XRP’s trading volume on Upbit has surpassed Bitcoin’s, signaling growing interest in the currency.
Technically, XRP is currently trading at 1.5009$ , but has temporarily lost its short-term moving averages, with MA7 at 1.5089$ , MA25 at 1.5128$ , and MA99 at 1.5122$. Therefore, the price needs to reclaim the 1.51–1.513$ area first to regain momentum.
Resistance: 1.513$ , then 1.531$, followed by 1.55$
A breakout above 1.55$ and holding above it could open the way toward 1.65–1.70$ , then 2.00$.
Support: 1.495$ , then 1.493$. A break below these levels could renew pressure toward lower levels.
Adding to this are continued inflows into U.S. spot XRP funds, along with XRP Ledger updates expected on October 8–9.
XRP still has a chance to rise, but 1.55$ is the decisive level before reaching 2$ . It must first break above 1.513$ , then 1.531$ , and maintain momentum.
XRP continues to trade near $1.50, alongside a sharp rise in trading activity in South Korea. XRP’s trading volume on Upbit has surpassed Bitcoin’s, signaling growing interest in the currency.
Technically, XRP is currently trading at 1.5009$ , but has temporarily lost its short-term moving averages, with MA7 at 1.5089$ , MA25 at 1.5128$ , and MA99 at 1.5122$. Therefore, the price needs to reclaim the 1.51–1.513$ area first to regain momentum.
Resistance: 1.513$ , then 1.531$, followed by 1.55$
A breakout above 1.55$ and holding above it could open the way toward 1.65–1.70$ , then 2.00$.
Support: 1.495$ , then 1.493$. A break below these levels could renew pressure toward lower levels.
Adding to this are continued inflows into U.S. spot XRP funds, along with XRP Ledger updates expected on October 8–9.
XRP still has a chance to rise, but 1.55$ is the decisive level before reaching 2$ . It must first break above 1.513$ , then 1.531$ , and maintain momentum.
