XRP Drops 2.9% as Bulls Face a Crucial $1.50 Recovery

XRP slipped to $1.47 after falling about 3% on the day, breaking below the $1.50 level that had been acting as a key price pivot. The decline puts the token at a critical point, with the next move likely to depend on whether buyers can reclaim $1.50 or selling pressure pushes XRP toward $1.40-$1.42.

The 200-day EMA is currently near $1.37 and remains the key medium-term support level. A sustained break below it could shift XRP’s broader structure from bullish to neutral. The token has been making lower highs since reaching about $1.63 on September 23, while its September 25 attempt to recover $1.60 was rejected.

Since then, XRP’s decline has been measured rather than driven by a sharp sell-off. The price moved down from $1.55 to $1.52, then $1.50 and finally $1.47. The pattern indicates that buyers have struggled to sustain rebounds, with sellers stepping in at progressively lower levels.

The pullback follows a nearly 50% rally from XRP’s August low near $1.00. RSI currently stands at 54, keeping momentum in neutral territory. With no clear overbought or oversold signal, the market is likely to focus more heavily on key support and resistance levels.

Spot XRP ETF flows have continued to attract attention, with market trackers reporting cumulative inflows in the hundreds of millions of dollars in recent weeks. Some trackers have interpreted the activity as a sign of institutional accumulation, although the available data does not establish ETF flows as the cause of Monday’s decline. The move below $1.50 instead followed repeated resistance failures and fading buying interest.

Despite the recent weakness, XRP’s medium-term structure remains intact. The token is still above its 200-day EMA near $1.37, which has begun turning upward for the first time since spring. That keeps the broader trend from being technically broken for now.

The September rally also followed a break above a descending trendline drawn from the late-August spike toward $1.70. That breakout helped XRP advance toward $1.67. A newer descending trendline from the September 23 high is now creating another technical hurdle for bulls. If it remains in place, its projected path could point toward $1.20 by mid-November.

XRP Price Levels to Watch

The immediate objective for buyers is a daily close back above $1.50. Reclaiming that level would weaken the current bearish signal and bring $1.55 into focus. A move above $1.55 could then open the way toward $1.60-$1.63, putting the September 23 high back within reach.

Failure to recover $1.50 over the next several sessions would shift attention toward $1.40-$1.42. Below that zone, the 200-day EMA at $1.37 becomes the major technical threshold. A close beneath the EMA could change the medium-term structure from bullish to neutral and expose XRP to $1.30, with $1.20 becoming a potential level in a broader crypto-market downturn.

For the week, XRP’s key range sits between $1.37 and $1.60, while $1.50 remains the central pivot. A dip toward $1.40-$1.42 followed by renewed demand would be consistent with a pullback within the broader uptrend, although the subsequent price action will determine whether that pattern remains intact.

The $1.80-$2.00 zone remains the medium-term upside objective as long as XRP holds above $1.37. A sustained break below that level would weaken the setup and make the target less relevant in the near term.