The post Is XRP Price Losing Key Support? Why the $1.50 Level Is Back in Focus appeared first on Coinpedia Fintech News
Crypto market volatility is slowly gaining strength, as the prices of tokens have been ranging within a predefined range. Currently, the markets are experiencing significant upward pressure while top cryptos like Bitcoin remain accumulated within a range, and Ethereum is failing to sustain above $3000. Meanwhile, the top fifth crypto, XRP price, has also maintained a steep bearish trend and is likely to find lows below $1.8 in the coming days.
With XRP showing signs of weakness after failing to hold above key support levels, is this just a slip of momentum, as the price does not appear to be gearing for a sharp breakdown? If yes, then there is an increased risk of a deeper pullback if support continues to weaken.
Is XRP Price Heading to $1.5?
On the daily chart, XRP price is trading within a clear descending channel, marked by lower highs and steady selling pressure. Each bounce attempt has stalled below the descending trendline, showing that sellers remain active on rallies. This type of structure usually signals continuation rather than reversal, especially when price struggles to reclaim previous support zones.
The $1.78–$1.80 range has emerged as an important near-term support. XRP is currently hovering just above this level, but the reaction has been weak. There is no strong expansion in volume, suggesting buyers are cautious rather than aggressive.
Momentum indicators are also flashing caution. The RSI is hovering near the 40 level, which typically reflects weak momentum rather than oversold conditions. This suggests there is still room for downside before buyers feel forced to step in. At the same time, On-Balance Volume (OBV) continues to trend lower, indicating sustained distribution. This shows that capital is slowly exiting rather than accumulating at current prices.
If XRP loses the $1.78 support, the next major demand zone sits near $1.50. This level previously acted as a strong base and could attract buyers again if tested. A move toward $1.50 would not signal panic but rather a continuation of the current corrective trend.
Here’s When the XRP Price Could Trigger a Rebound
XRP is not breaking down aggressively, but it is losing ground slowly. That is often more dangerous for late buyers than sudden volatility. Until price reclaims structure, the chart favors caution rather than dip-buying. For any meaningful trend reversal, XRP must reclaim the $2.00–$2.10 zone and hold above the descending trendline. This move would need to be supported by rising volume and improving momentum indicators.