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$XRP is approaching a critical resistance zone as momentum builds toward a potential breakout. However, with price still struggling to clear the $1.53 level, the risk of rejection remains high. A failure at this key barrier could quickly shift sentiment and trigger a move lower, making the next reaction crucial for direction.
Wave E Nears Completion As $XRP Tests Key Resistance
CasiTrades has highlighted that $XRP is currently approaching a definitive stage in its market cycle, specifically moving toward the completion of Wave E within a larger consolidation pattern. Technical indicators across multiple subwave degrees are identifying the $1.53 level as the primary resistance hurdle.
The current forecast anticipates a series of upward moves into the $1.50 to $1.53 price range. This bullish remains technically valid as long as the price stays above the critical support of $1.39. A breach below this support would likely disrupt the current wave count and suggest a shift in momentum.
Market observers are also keeping a close eye on Bitcoin’s performance, as its movement could influence $XRP’s direction. If Bitcoin rallies into its own resistance zone near $79,000, it would likely provide the necessary tailwind for $XRP to challenge the $1.50–$1.53 area. However, there is a risk of a wave failure where $XRP falls just short of its target if Bitcoin reaches a local top.
The price action shows a major test of resistance that will likely define $XRP’s trajectory for the coming weeks. While a breakout would be significant, a rejection at these higher levels could lead to a sharp retracement to the $1.09 and $0.87 range.
$XRP Struggles To Reclaim $1.50 Resistance
In a recent update, analyst Hov highlighted that $XRP still hasn’t reclaimed the $1.50 level, a key resistance that continues to cap upside momentum. What makes this more notable is that several major cryptocurrencies have already pushed to new local highs, while $XRP continues to lag.
This relative weakness is beginning to raise concerns, suggesting that buyers have not yet fully stepped in with enough conviction to drive prices higher. From a structural perspective, $XRP is currently forming a very clear triangle pattern. While this type of pattern often signals a buildup before a breakout, Hov cautions that overly obvious ones can sometimes lead to false expectations.
The key trigger to watch now is a breakout above the ACE trendline. If confirmed, the next upside target sits around the $1.90 region, aligning with a possible wave 3 expansion from the lows. Beyond that, price action will need to be monitored closely to determine whether $XRP can sustain a stronger bullish trend or if more consolidation lies ahead.