{"id":47413,"date":"2026-09-24T12:56:03","date_gmt":"2026-09-24T12:56:03","guid":{"rendered":"https:\/\/financialrush.com\/?p=47413"},"modified":"2026-09-24T12:56:03","modified_gmt":"2026-09-24T12:56:03","slug":"ripple-price-analysis-is-it-all-doom-and-gloom-for-xrp-after-the-latest-rejection-at-1-60","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47413","title":{"rendered":"Ripple Price Analysis: Is It All Doom and Gloom for XRP After the Latest Rejection at $1.60?"},"content":{"rendered":"

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XRP\u2019s breakout from its descending channel delivered a strong rally, but the move has now met substantial selling pressure at a major resistance area. The resulting pullback puts the recent breakout to the test, with the next reaction around former resistance likely to be important for the short-term structure.<\/p>\n

Ripple Price Analysis: The Daily Chart<\/h2>\n

On the daily chart, Ripple’s XRP remains structurally stronger following its sharp rebound from the $1.27 region. The asset rallied rapidly toward the major $1.61-$1.70 resistance zone, briefly entering this area before sellers stepped in aggressively.<\/p>\n

The rejection has pushed XRP back toward $1.47, showing that supply around $1.61-$1.70 remains significant. Nevertheless, the broader recovery structure has not yet been invalidated. The price remains well above the moving averages, with the higher one currently positioned around $1.27 and potentially acting as an important dynamic support if a deeper correction develops.<\/p>\n

For buyers, reclaiming $1.55 and eventually breaking through the $1.61-$1.70 resistance zone would be required to resume the bullish leg. Conversely, continued selling could lead to a broader retracement, with the $1.40 area becoming relevant before the more substantial $1.27 region comes back into focus.<\/p>\n

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XRP\/USDT 4-Hour Chart<\/h2>\n

The 4-hour timeframe provides a clearer view of the current retest. XRP successfully broke above the descending channel that had contained the price action for several weeks and subsequently accelerated toward $1.65. However, the rally was rejected almost immediately after entering the $1.61-$1.69 supply zone.<\/p>\n

The resulting correction has now brought XRP back toward the $1.42-$1.45 demand zone. Crucially, this area overlaps with the former descending channel resistance, creating a potential breakout-retest setup.<\/p>\n

Therefore, the reaction around $1.42-$1.45 could determine the next short-term move. If buyers defend this zone and price establishes support above the broken trendline, the recent decline could simply represent a healthy retest before another attempt toward $1.60-$1.65.<\/p>\n

On the other hand, a decisive breakdown below the $1.42 area would weaken the breakout structure and increase the likelihood of a deeper correction. In that case, attention could shift toward the $1.28-$1.22 major demand zone, where XRP previously attracted strong buying pressure.<\/p>\n

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The post Ripple Price Analysis: Is It All Doom and Gloom for XRP After the Latest Rejection at $1.60?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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