XRP surges 47% in a week, tests $1.50 resistance after V-shaped recovery

Key resistance retested after sharp rally

The digital asset’s recent surge was driven by intensified buying, resulting in a rapid, near-vertical rally that pushed prices into a well-established resistance area. The $1.50 mark has repeatedly proven challenging for XRP bulls, acting as a ceiling during the past few months despite several breakout attempts.

The analyst identified this overhead hurdle as the defining pivot for unlocking a potential move toward $1.80, with many traders monitoring whether sustained bullish activity can finally propel the token past this multi-month trading range.

XRP has repeatedly attempted to close above $1.50 without success, but strong buyer momentum could make $1.80 the next target if this resistance finally gives way.

Dom highlighted that the level has acted as resistance on at least four occasions this year. Each time, initial rallies have faced immediate rejection, leading to corrections and prolonged periods of price consolidation.

Chart analysis reveals a prominent horizontal resistance at $1.50, marked by multiple failed breakouts in February, March, April, and May. Traders often monitor such zones for signs of renewed momentum or another reversal.

Mini dictionary: Value Area Low – In technical analysis, the Value Area Low (VAL) is the lower boundary of the price range where the majority of volume has traded over a set period. It helps traders identify potential support levels and points of accumulation.

Liquidity sweep and pullback

During the recent upswing, XRP briefly pierced the $1.50 mark, triggering liquidity sweeps as traders sought to capitalize on short-term moves. Despite this momentum, sellers responded quickly, sending prices back below the resistance within the same daily session.

The current structure shows a V-shaped recovery pattern, with buyers aggressively pushing prices upwards, followed by a pullback as the market digested gains above $1.50. A long upper wick on the daily chart underscores the dynamic between buyers seeking a breakthrough and sellers defending the resistance.

According to Dom, if buyers manage to sustain consolidation and build support above $1.50, market participants may target $1.80 as the next key level for XRP. The analyst described $1.80 as the “ticket,” signaling the next major area of interest for bullish traders.

A clean hold above $1.50 would set the stage for $1.80, with relatively low resistance in between.

Market outlook remains cautious

While recent price action has reignited optimism, XRP’s history at this resistance suggests that traders remain cautious. Previous attempts to break above $1.50 have resulted in strong reversals, and many participants continue to watch for confirmation of a sustained hold before increasing exposure.

If the token fails to solidify its position above the resistance, another period of consolidation or downside movement remains possible. For now, all eyes are on whether bullish momentum can translate into a decisive breakout.