The post XRP Price Rejected at $1.67 After 20% Surge—Key Support and Resistance Levels to Watch appeared first on Coinpedia Fintech News
XRP price started the session on a strong note, pushing quickly to an intraday high above $1.67. The move came with a clear spike in trading volume, showing that traders were actively participating, but that same surge also hinted at profit-taking near the highs. The rally didn’t hold for long. Sellers stepped in around resistance, and the price gradually gave back its gains.
Now that XRP has erased most of the recent upside move, the focus shifts to what comes next. Traders are closely watching whether the price can stabilize and reclaim the $1.60 region or if continued selling pressure drags it toward lower support levels in the short term.
Bearish Breakdown Below $1.50 — Can Bulls Reclaim Control?
For weeks, XRP had been holding above the $1.80–$1.85 range. That area acted as a strong base during previous consolidations. Once the price lost that support, the structure weakened. The breakdown confirmed that sellers were still active at higher levels. XRP is currently trading near $1.48 after a sharp rejection from the recent high around $1.67.
The daily chart shows that what looked like a breakout attempt quickly turned into heavy selling, wiping out short-term gains and pushing the price back below key levels.
The recent drop extended toward the $1.15–$1.06 demand zone, where buyers finally stepped in. That bounce helped stabilize price, but it hasn’t yet shifted momentum back to bullish. Volume expanded significantly during the sell-off as traders were actively exiting positions. The On-Balance Volume (OBV) continues to trend lower, suggesting capital is still flowing out instead of rotating back in.
Meanwhile, the DMI indicator shows bearish pressure remains dominant. The negative directional index is elevated, and trend strength hasn’t faded yet. In simple terms, sellers still have control for now.
The Key Levels That Matter Now
XRP is at a short-term decision point.
- $1.58–$1.60 is the first level bulls need to reclaim. A strong close above this zone would signal that buyers are regaining confidence.
- Above that, the next resistance stands near $1.80, followed by $1.98–$2.18.
On the downside:
- Losing $1.40 could invite renewed selling pressure.
- A break below $1.15 may open the door toward $1.06 again.
- If that fails, the chart risks sliding toward sub-$1 territory.
What Happens Next for the XRP Price Rally?
Right now, the XRP price is trying to stabilize after a sharp flush. The bounce from lower support is encouraging, but momentum hasn’t flipped yet. For bulls to regain control, the price needs to reclaim resistance with steady volume, not just a weak rebound. Until then, the structure remains cautious.
The next few daily closes will be critical. Either this becomes a healthy pullback before another push higher, or it turns into a broader corrective phase.
