XRP tests $1.53 resistance; breakout targets $1.90, rejection risks $1.09–$0.87
XRP stalls under $1.53 as bulls test a key ceiling. A clean break could extend the rally. A rejection risks a fast drop.
Analyst CasiTrades says Wave E is nearing completion inside a larger consolidation. Multiple subwave signals mark $1.53 as the main cap. The bullish path holds while price stays above $1.39 support. A break below would invalidate the count and signal momentum loss (CasiTrades update, NewsBTC on sentiment, NewsBTC on momentum shift).
Bitcoin’s move matters. If Bitcoin rallies into resistance near $79,000, it could give XRP the tailwind to attack $1.50–$1.53. If BTC tops locally, XRP may miss the target and fade (NewsBTC on market setup).
Price action is at a defining test. A breakout would be meaningful. A rejection risks a retrace toward $1.09 and $0.87 (NewsBTC on key resistance and downside zones).
Hov notes XRP still hasn’t reclaimed $1.50 while several majors hit new local highs. That relative lag fuels concern that buyers lack conviction. Structure shows a clear triangle, but obvious triangles can disappoint. A confirmed break above the ACE trendline would point to $1.90 next, consistent with a wave 3 extension from the lows (Hov update, NewsBTC on relative strength, NewsBTC on pattern context).
Key levels to watch:
- Resistance 1.50–1.53 (CasiTrades)
- Support 1.39 (NewsBTC)
- Upside target 1.90 on ACE breakout (Hov)
- Downside zones 1.09 and 0.87 (NewsBTC)
- BTC watch 79,000 resistance (NewsBTC)