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XRP has staged a massive multi-week recovery, surging over 47% in just seven days to test a critical structural ceiling around the $1.50 level.
However, following an explosive, near-vertical rally off the August market lows, price action has once again arrived at a stubborn resistance zone.
According to popular chart analyst Dom, known on the X platform as @traderview2, clearing this overhead barrier is the ultimate prerequisite for the cryptocurrency to unlock its next major leg upward toward the $1.80 range.
With relatively thin resistance observed in higher-order books, market participants are watching closely to see if aggressive bullish volume can sustain a breakout above this multi-month pivot.
Failed attempts
Throughout the current year, XRP bulls have attempted to breach and hold above this precise level on at least four separate occasions, with each attempt resulting in immediate rejection and a subsequent downtrend.
The analyst noted that before the prior capitulation phase, the price briefly spiked through the $1.50 mark to sweep liquidity but ultimately failed to establish structural acceptance above it.
Dom emphasized that if buyers can successfully consolidate and hold above this barrier, the $1.80 range becomes the primary destination, referred to by the analyst as the ticket.
The key level
A prominent green horizontal resistance zone near $1.50 dominates the chart, explicitly marked with cyan circles that illustrate the repeated rejections experienced in February, March, April, and May.
XRP entered a prolonged capitulation phase that culminated in a drop to the Value Area Low near the $1.00 mark in early August.
From that macro bottom, the asset experienced a sharp V-shaped recovery with a near-vertical expansion candle pointing directly into the overhead resistance zone.
A long upper wick on the recent daily candle demonstrates strong buyer momentum tapping into liquidity above $1.50. However, the price has momentarily pulled back to digest those gains.
U.Today Editorial Team
Dan Burgin
