XRP, one of the leading names in the cryptocurrency market, attracted attention with its approximately 5 percent increase in the last 24 hours. XRP, which has been under pressure compared to Bitcoin and other major altcoins for a long time, managed to differentiate itself from the general market with this rise. XRP, which has recently come to the fore with new adoption steps and news, has attracted the attention of investors again with this move.
Has Major Resistance been Passed?
Expert crypto analyst Dom (@traderview2) points out that XRP’s latest move could be the beginning of a strong rise. However, for this scenario to occur, the price must sustain a sustained hold above the $1.45 level. According to the analyst, closings above $1.45 are important since the rapid ups and downs previously experienced at this level are not considered a permanent break.
“Let me put it briefly; if it rises above the $1.45 region and holds there, the price may move upwards very quickly. It is not just an instant rise, it must be accepted at this level.”
In recent months, the range between $1.40 and $1.45 has stood out as a strong resistance zone for XRP. It is emphasized that especially in this price range, millions of XRP changed hands, thus creating a thick ceiling in terms of supply. While the price repeatedly struggled to overcome these resistance zones, buyers were met with sales each time.
Price Movement and Liquidity Gap
According to analysis, with price closes above $ 1.45, a new upward area may be opened for XRP in the short term. Especially after $1.45, a “liquidity gap” is noticeable, extending up to $1.80, where weak trading volume has been observed in the past. Since there is not enough past trading at this level, it may be possible for price movement to move quickly in this range without encountering resistance.
However, mere short-term price jumps will not be enough. Experts state that it is critical for daily candles to close above $1.45 and become permanent. If this cannot be achieved, attempts to rise may fail again and the price may return downwards.
Market Outlook and Latest Developments
XRP has fallen sharply since its peak above $2.30 at the end of last year and remained stagnant for a long time. Since the bottom seen in February, the token has entered a period of volatile accumulation. Between $1.45 and $1.50 was a “ceiling” zone, filled with constant conflict between buyers and sellers.
According to the latest data, XRP has now clearly surpassed the $1.45 resistance after multiple attempts. According to market participants, if it can hold above this area, there may be a rapid rise to the next resistance area.
Experts evaluate that daily closings above $ 1.45 may create rapid movements in the region where liquidity is weak in the XRP price.
This move, which comes after a long period of stagnation, may be a turning point for XRP investors. Although these critical levels are technically important, it is closely monitored whether the price can stay above this threshold consistently.
