XRP rises 2.73% above $1.50 as resistance forms at $1.53-$1.60

  • XRP reclaimed $1.50 and traded near $1.52 after rising 2.73% in 24 hours.
  • Binance XRP reserves fell from 2.70 billion to 2.69 billion tokens.
  • XRP resistance stood at $1.53-$1.60 after a September peak near $1.66.

XRP reclaimed the $1.50 level on Tuesday, trading near $1.52 after gaining 2.73% over 24 hours, with daily volume of $4.55 billion and a market capitalization of $95.68 billion, according to CoinMarketCap. The token remained down 3.66% for the week after retreating from a September peak near $1.66. CryptoQuant data showed Binance reserves declining from 2.70 billion XRP on the previous Saturday to 2.69 billion by Monday, a move that can indicate lower immediate exchange selling pressure as holders transfer assets to self-custody. XRP faces resistance between $1.53 and $1.60, including the 0.382 Fibonacci retracement at $1.532. Analysts identified $1.65 and $1.70 as potential upside targets, while support levels include $1.45, $1.5070 and $1.246. Technical signals were moderately positive, with RSI at 58.02, MACD above its signal line and bullish crossings in the eight-week and 21-week exponential moving averages. CoinGlass data showed futures volume falling 4.31% to $5.46 billion while open interest rose 2.28% to $3.56 billion. Weekly price structure still shows declining highs and lows, meaning a break above previous highs would be needed to change that pattern.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.