XRP fell below the $1.50 mark, dropping to $1.47 after losing about 3% on the day. The move leaves the token at a key technical juncture, with traders now watching whether buyers can quickly recover $1.50 or whether the weakness extends toward the $1.40-$1.42 range.
The 200-day EMA sits near $1.37 and represents the more important level for XRP’s medium-term trend. A sustained move below it could shift the broader structure from bullish to neutral. XRP has already been forming lower highs since reaching around $1.63 on September 23, while another attempt to break $1.60 on September 25 was rejected.
The decline since then has been gradual rather than driven by a major one-day sell-off. XRP moved from $1.55 to $1.52, then slipped through $1.50 before reaching $1.47. The pattern suggests that buyers have been less willing to chase rebounds, allowing sellers to pressure the market at each recovery attempt.
That weakness follows a strong rally in early September, when XRP gained nearly 50% from its August low around $1.00. With RSI at 54, momentum is currently neutral, leaving key price levels as the main signals for the market rather than overbought or oversold conditions.
Spot XRP ETF flows have also remained strong, with market trackers reporting cumulative inflows in the hundreds of millions of dollars over recent weeks. Some analysts view those flows as evidence of continued institutional demand. However, there is no clear evidence that ETF activity caused Monday’s decline, which instead followed repeated failures at resistance and weakening buying support.
Despite the short-term pullback, XRP’s broader structure has not yet been broken. The token remains above its 200-day EMA at $1.37, which has started to turn higher for the first time since spring. The longer-term trend therefore remains intact unless that support gives way.
XRP also remains above a descending trendline that began with the late-August move toward $1.70. The breakout above that trendline in mid-September helped drive the rally toward $1.67. A newer descending trendline from the September 23 peak is now acting as the next resistance for bulls. If it remains intact, its projected path could eventually point toward $1.20 by mid-November.
XRP Faces Key Test at $1.50
The immediate challenge for buyers is to reclaim $1.50 with a daily close. A recovery above that level would reduce the significance of the latest breakdown and bring $1.55 into focus. A move beyond $1.55 could then reopen the $1.60-$1.63 region and put the September 23 high back on the radar.
If XRP remains below $1.50 over the next few sessions, the $1.40-$1.42 area could become the next support zone. The 200-day EMA at $1.37 remains the more important medium-term threshold. A close below it would weaken the current bullish structure and expose the token to potential moves toward $1.30 and, during a broader crypto-market decline, $1.20.
For the current week, XRP’s key technical range runs from $1.37 to $1.60, with $1.50 acting as the central pivot. A decline toward $1.40-$1.42 followed by renewed buying would fit a corrective pullback within an existing uptrend, but further price action will determine whether that setup holds.
The $1.80-$2.00 area remains the medium-term target while XRP stays above $1.37. A sustained break below that level would weaken the setup and push that upside objective further out.
