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ZEC $1,353 XRP range tightens as $1.50 holds and $1.70 stays in view
XRP trades near $1.50 inside a tightening four-hour range as analysts weigh a $1.70 breakout against support at $1.45 and $1.27.
Key takeaways
- Range is tightening. XRP is compressing below $1.65 inside a four-hour structure, with $1.70 as the upside level in focus.
- 12.7% to $1.70. A move to $1.70 from $1.5090 would need an increase of about 12.7%, the chart states.
- Downside is mapped. A drop to $1.27 equals roughly 16%, and $1.10 would represent about 27% downside.
What happened
XRP changed hands near $1.50 on Oct. 6 and remains stuck under the $1.64-$1.65 resistance band on the four-hour chart. CasiTrades sees the market running out of room inside a tightening structure, and the report lists $1.70 as the upside level with $1.27-$1.10 as support below.
Resistance builds between about $1.6363 and $1.6432, where a Fibonacci level overlaps a horizontal ceiling. Just under that area, $1.5315 is a level the market needs to reclaim. Momentum is split too, with RSI near 52.89 against an average of about 52.45.
CryptoPotato reports XRP consolidating near $1.50 after rebounding from the $1.00 area. Main resistance sits between $1.60 and $1.70, a zone tested twice in recent weeks, with the September attempt failing to break out. The 100-day moving average is around $1.25 and the 200-day is around $1.28, while buyers have defended support around $1.45.
Why it matters
The next break matters because the two sides sit far apart. From $1.5090, a move to $1.70 would require an increase of about 12.7%. On the downside, a decline to $1.27 would equal roughly 16%, while a move to $1.10 would represent about 27% downside. The chart identifies $1.26-$1.24 as the first major support area, with another major retracement area around $1.10.
CryptoPotato sees more room above. A daily close above $1.70 could open the door toward the next major resistance around $2, with a zone around $2.40 above that. A loss of the $1.45 support zone would weaken the short-term structure, and XRP could retrace toward the $1.30 area.
What is still unclear
- CasiTrades notes that another high is not required by the wave count, so XRP could fail from the current structure and move into a larger correction.
- The $0.90 region is treated separately: a return there would challenge the developing higher-low structure and force a wave count review.
- CryptoPotato still reads the structure as consolidation with a higher probability of a bullish breakout, rather than a bearish reversal forming.
Questions readers ask
Why is XRP stuck around $1.50?
XRP is consolidating around $1.50 after a strong rebound from the $1.00 area, and price is still trapped below the $1.64-$1.65 resistance area. CasiTrades expects the compression to resolve soon as the trendlines move closer together.
What resistance levels does XRP face?
Main resistance sits between $1.60 and $1.70. A daily close above $1.70 could open the door toward the next major resistance around $2, and above that the next zone sits around $2.40.
Where is XRP support?
Buyers have defended support around $1.45, while the $1.25-$1.30 region has become particularly important. The chart identifies $1.26-$1.24 as the first major support area, and a decline to $1.27 from $1.5090 would equal roughly 16%.
What does the RSI say about XRP?
RSI sits near 52.89 with its average around 52.45, close to the middle of the range. CasiTrades says a rally into the $1.65-$1.70 region without RSI exceeding its previous high would produce another bearish divergence.
