XRP pulls back to $1.49 after rebound, with resistance near $1.55

  • XRP rose from roughly $1.38 to $1.64-$1.65 before retracing to approximately $1.49.
  • XRP fell 5.64% over 24 hours, with immediate support near $1.48-$1.50 and volume near $8.33 billion.
  • About 70% of Binance top-trader accounts remained long, while $1.54-$1.56 marked the first recovery resistance zone.

XRP recovered from a September 20 dip near $1.39 and advanced from roughly $1.38 on September 21 to the $1.64-$1.65 area before falling 5.64% over 24 hours to approximately $1.49. The retracement moved below the high-volume $1.56 and $1.54 regions, while a lower wick near $1.48 indicated buying activity and established immediate support around $1.48-$1.50. CoinMarketCap data showed trading volume near $8.33 billion and market capitalization of about $93.74 billion. Binance data showed roughly 70% of top-trader accounts positioned long, with a long/short ratio near 2.65, leaving XRP vulnerable if support fails despite remaining approximately 15% above its September 17 level near $1.30. Earlier, Vandell Aljarrah of Black Swan Capitalist advised investors to wait for a better entry rather than chase the rebound, and The Crypto Basic said another pullback would not necessarily return XRP to its August low of $0.978.

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XRP pulls back to $1.49 after rebound, with resistance near $1.55 - CoinPost Terminal