XRP extended its recent rebound to the mid-$1.50 range this week and briefly tagged $1.60 before momentum faded, but a widely followed analyst is cautioning that bulls still need a decisive break above key levels to confirm a broader trend reversal.
Recent Price Action
The token, which powers transactions on the XRP Ledger, rallied from below $1.40 to clear $1.50 and touched $1.60, an area of heavier resistance, before slipping back. XRP recently traded around $1.46, indicating that sellers remain active near overhead levels.
Key Levels Highlighted by Analyst
A crypto analyst known as “Guy on the Earth” on X said the push to $1.50 was expected after XRP held its recent range lows, but argued the market needs confirmation around that threshold. The analyst outlined two scenarios based on how price behaves around $1.50 in the coming days:
- Hold above $1.50: Potential upside targets at $1.65, $1.80, and $1.96.
- Lose $1.50: Risk of a “fakeout,” with $1.34 as the next support area; if that fails, $1.20 could follow.
The analyst added that a sustained move above $2.00, particularly within what he characterized as a broader economic expansion, would strengthen the case for a push to new highs in the weeks or months ahead.
Broader Trend Context
Despite the short-term bounce, the daily chart shared by the analyst suggests XRP remains within a descending channel that has persisted since July 2025. The latest rally has improved the near-term picture but has not yet broken the upper boundary of that broader downtrend. Failure to reclaim and hold above $1.50 could leave XRP vulnerable to retesting the channel’s lower trendline.
Outlook
Market focus now turns to whether XRP can sustain a base above $1.50 to unlock higher levels. Until then, analysts say traders should watch for signs of continuation or rejection at this area to gauge momentum into the next leg.