Key Takeaways
- XRP maintains position above $1.50 with a 2.73% gain over 24 hours, holding critical support.
- Binance token reserves decrease to 2.69 billion, suggesting reduced selling pressure from exchanges.
- Critical resistance zone identified between $1.53-$1.60, with potential targets at $1.65 and $1.70.
- Technical indicators show RSI at 58 with positive MACD, indicating modest bullish pressure.
- Key support levels identified at $1.45 and $1.246 for downside protection.
Ripple’s XRP reclaimed territory above the $1.50 threshold on Tuesday as buying pressure reinforced a critical support area. The digital asset hovered near $1.52, marking a 2.73% increase across the previous 24-hour period. Daily trading activity registered $4.55 billion during this timeframe.
The token’s market capitalization reached $95.68 billion, based on CoinMarketCap data. Despite the daily gain, XRP remains down 3.66% across the weekly timeframe.
Following a retreat from September’s peak near $1.66, XRP has struggled to maintain momentum from that earlier upward move.
Data from CryptoQuant reveals that XRP holdings on Binance dropped to 2.69 billion tokens by Monday. This represents a decline from the 2.70 billion recorded the previous Saturday.
Declining exchange balances typically indicate reduced immediate selling pressure. When tokens transfer to self-custody solutions, it generally signals holder confidence and longer-term investment horizons.
Critical Price Barriers Ahead for XRP
XRP currently faces a resistance corridor spanning $1.53 to $1.60. Market analyst DukesMarketAnalysis highlighted the 0.382 Fibonacci retracement level at $1.532 as an additional obstacle.
This zone has previously rejected upward price movements. A sustained close beyond $1.60 would signal greater significance than a temporary spike through the level.
Market commentator XRP Update, operating on X under the handle @XrpUdate, emphasized that the bullish framework remains valid. The account observed XRP’s recovery above the Point of Control and highlighted $1.58 as the immediate focal point.
$XRP BULLISH STRUCTURE REMAINS INTACT.
Key support continues to hold, and XRP has pushed back above the Point of Control.
NOW ALL EYES ARE ON $1.58.
pic.twitter.com/bCHa6D2Ywz
— XRP Update (@XrpUdate) September 29, 2026
A bullish flag pattern has emerged on the daily timeframe beneath current resistance. This formation suggests support at $1.5070, with upside objectives at $1.7683 and $2.1667.
Crypto analyst Egrag Crypto characterized XRP as range-bound between $1.45 and $1.65. A breakout above $1.65 would signal a structural shift higher, whereas a breakdown below $1.45 increases the probability of further declines toward $1.41 and $1.37.
Order flow dynamics have evolved around the $1.52 mark. Analyst CW8900 reported on X that XRP penetrated a selling barrier at that price point and advanced to approximately $1.55, with new buying interest establishing below current levels.
Technical Signals and Derivatives Activity
The 8-week and 21-week exponential moving averages have completed a bullish intersection on the weekly chart. This development suggests strengthening medium-term momentum, though it doesn’t necessarily confirm a complete trend reversal.
The Relative Strength Index registers 58.02 on TradingView, positioned above the neutral 50 threshold. The MACD line also trades above its signal line, reflecting a moderate bullish orientation.
According to CoinGlass metrics, XRP futures volume decreased 4.31% to $5.46 billion. Open interest climbed 2.28% to $3.56 billion, indicating increased leveraged positioning in the market.
Liquidation heatmap analysis reveals concentration zones on the upside at $1.53-$1.54 and $1.56-$1.58. Downside liquidation clusters appear at $1.49-$1.50 and $1.45-$1.46.
Weekly chart patterns continue displaying a sequence of declining peaks and troughs. Market observers indicate that a breakout above previous highs is necessary to alter this structural pattern.
As of September 29, XRP fluctuated between the upper $1.40s and mid $1.50s. The price briefly exceeded $1.60 earlier in September before retracing, and currently trades below the $1.5070 and $1.246 levels that analysts are closely monitoring.
The post XRP Bulls Eye $1.60 Breakthrough as Binance Supply Shrinks appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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