XRP Eyes Breakout, But Failure At $1.53 Could Trigger Sell-Off

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP is approaching a critical resistance zone as momentum builds toward a potential breakout. However, with price still struggling to clear the $1.53 level, the risk of rejection remains high. A failure at this key barrier could quickly shift sentimentand trigger a move lower, making the next reaction crucial for direction. Wave E Nears Completion As XRP Tests Key Resistance

CasiTrades has highlightedthat XRP is currently approaching a definitive stage in its market cycle, specifically moving toward the completion of Wave E within a larger consolidation pattern. Technical indicators across multiple subwave degrees are identifying the $1.53 level as the primary resistance hurdle. Related Reading 4 Signs XRP Is Moving From Bearish to Bullish: Analyst 17 hours ago

The current forecast anticipates a series of upward moves into the $1.50 to $1.53 price range. This bullish remains technically valid as long as the price stays above the critical support of $1.39. A breach below this support would likely disrupt the current wave count and suggest a shift in momentum. Source: Chart from CasiTrades on X

Marketobservers are also keeping a close eye on Bitcoin’s performance, as its movement could influence XRP’s direction. If Bitcoin rallies into its own resistance zone near $79,000, it would likely provide the necessary tailwind for XRP to challenge the $1.50–$1.53 area. However, there is a risk of a wave failure where XRP falls just short of its target if Bitcoin reaches a local top.

The price action shows a major test of resistancethat will likely define XRP’s trajectory for the coming weeks. While a breakout would be significant, a rejection at these higher levels could lead to a sharp retracement to the $1.09 and $0.87 range. XRP Struggles To Reclaim $1.50 Resistance

In a recent update, analyst Hov highlighted that XRP still hasn’t reclaimed the $1.50 level, a key resistance that continues to cap upside momentum. What makes this more notable is that several major cryptocurrencies have already pushed to new local highs, while XRP continues to lag.  Related Reading XRP Locked In Range, But Here’s What Happening Underneath 6 days ago

This relative weaknessis beginning to raise concerns, suggesting that buyers have not yet fully stepped in with enough conviction to drive prices higher. From a structural perspective, XRP is currently forming a very clear triangle pattern. While this type of pattern often signals a buildup before a breakout, Hov cautions that overly obvious ones can sometimes lead to false expectations.

The key trigger to watch now is a breakout above the ACE trendline. If confirmed, the next upside target sits around the $1.90 region, aligning with a possible wave 3 expansion from the lows. Beyond that, price action will need to be monitored closely to determine whether XRP can sustain a stronger bullish trend or if more consolidation lies ahead. XRP trading at $1.45 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from VectorStock, chart from Tradingview.com