Resistance near $1.50 has proven stubborn, capping rebound attempts and keeping momentum in check. A decisive move above that level could reopen the path toward $2, while failure risks another test of the $1.12 low.
Onchain data adds another wrinkle. Short- and medium-term holders shed a large portion of their holdings during the rebound, while larger participants appear to have accumulated near recent lows. That divergence hints at a market still sorting conviction from caution.
FAQ ⏱️ What price level are XRP traders watching most closely?The $1.38 to $1.40 zone is key, as it aligns with long-term technical support. Why does policy news matter for XRP this week? Stablecoin and payment discussions in Washington could affect XRP’s regulatory positioning. Is XRP network activity slowing down?No, real-world assets and stablecoin usage on the XRP Ledger have grown sharply. What would signal a stronger recovery?A sustained move above $1.50 could shift short-term momentum in favor of buyers.
