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XRP Near Key Support as Market Slips: Analysts Watch for Possible Move Toward $1.50

XRP, the token that is closely tied to the company Ripple, is trading near a big price level after the whole crypto market fell. Prices dropped along with other large cryptocurrencies. Traders are watching closely to see if this price zone will hold or if losses could get worse.

Right now, XRP is around $1.77. It has fallen more than 5% in the last 24 hours. Over the past week, the token is down more than 7%. The day’s price range has been roughly $1.73 to $1.87. This decline marks the lowest XRP has reached since early October, when it briefly dipped below $1.60.

The move lower came as the wider market pulled back. Bitcoin led the way down, and its fall triggered liquidations across many altcoins (coins other than Bitcoin). XRP was not spared from this selling pressure. In futures trading, traders saw almost $71 million of XRP long positions liquidated. A liquidated long position means traders who bet the price would rise were forced to close those bets because the price moved against them.

Analysts warn that the next big move could push XRP toward $1.50. Technical thinker ChartNerd has noted that XRP might be forming a Wyckoff Spring pattern. The Wyckoff Method is a way to study price action and volume to understand market trends and patterns, including times when prices appear to “spring” back after a period of selling. If the price can hold above the current support, a short-term recovery could be possible. However, ChartNerd cautions that if XRP stays under $1.80, the pattern could turn bearish, meaning more downward pressure could follow.

One warning from ChartNerd is the idea that a move below $1.80 would raise the odds of hitting $1.50. Several charts point to $1.50 as a significant level that hasn’t been tested since October. When a price level hasn’t been touched for a long time, traders consider it a real test of market sentiment. If this support zone breaks, many traders are watching the $1.50 area as the next likely target.

Another perspective comes from analyst BitGuru, who says XRP is resting on a base after a long slide. A “base” is a price area where buyers have stepped in and paused the fall. In this view, holding this zone could give XRP room to recover toward previous resistance levels — places where the price has had trouble moving higher in the past.

If XRP can start to climb again, the chart suggests it could revisit earlier consolidation zones. Those zones sit roughly between $2.20 and $2.50. Consolidation zones are price ranges where the market has spent time moving laterally (not strongly up or down), and they are often used by traders as potential targets if momentum returns.

For now, XRP sits at what seems to be a decision point. The price tried to hold above recent support, but a break could lead to a test of the lower target around $1.50. If the price can hold, a bounce back toward higher levels could be possible in the coming weeks. Of course, much depends on overall market conditions and the behavior of other big names like Bitcoin.

Beyond price moves, there was a note from Ripple’s former chief technology officer, David Schwartz. He addressed social media posts that claimed XRP could someday reach $50 or $100. Schwartz said he cannot give exact predictions for such targets. He also advised people to use logic rather than chasing viral claims. He reminded followers that he once doubted XRP would ever reach $0.25, which shows how difficult it is to predict price movements accurately. At the same time, he warned against following wild, unverified price targets without solid reasoning.

In summary, XRP is at a critical moment. The token is near an important support zone, and a break below that level could bring the next major test at around $1.50. If buyers come back and the support holds, XRP could stage a recovery toward the higher levels seen earlier this year, possibly moving back toward the $2.20–$2.50 area. But for now, the market is watching closely to see which way the balance will tilt.

Definitions to help readers understand key terms used in this article: