XRP Price Drops to $1.49 After Rally Stalls at $1.65 Resistance

Key Highlights

Table of Contents

XRP declined to approximately $1.49 following rejection at the $1.64–$1.65 resistance zone.
Critical support established near $1.48–$1.50, with additional backing around $1.39–$1.41.
Bulls need to push XRP back above $1.54–$1.56 to resume upward momentum toward higher targets.
Binance trader positioning reveals approximately 70% of leading accounts maintain long exposure, with ratios hovering near 2.6.
The token maintains approximately 15% gains compared to its September 17 position near $1.30.

XRP has pulled back to the $1.49 level following an unsuccessful attempt to maintain ground above $1.60. The digital asset experienced a 5.64% decline during the past 24-hour period, accompanied by trading volume of approximately $8.33 billion. This retracement follows a swift upward move that started near $1.38 on September 21 and peaked around $1.65.

Critical Support Zone Under Examination

The 15-minute timeframe reveals selling pressure drove XRP beneath the $1.56 high-volume area and through the $1.54 threshold. Momentum carried the token toward $1.48 before a modest bounce occurred. The pronounced lower wick around $1.48 demonstrates buyer interest at that level, though subsequent candle formations indicate ongoing selling dominance.

Current support establishes itself within the $1.48 to $1.50 corridor. Should price action breach this range, the $1.39 to $1.41 zone could emerge as the subsequent target. This deeper level previously witnessed substantial trading activity and may attract renewed attention from market participants.

Bulls Eye Recovery Above $1.54

XRP requires a decisive move through $1.54 to $1.56 to reconstruct bullish momentum in the near term. Beyond this range, resistance emerges near $1.59 to $1.60, with the recent peak around $1.64 to $1.65 serving as the next major hurdle. Earlier market analysis highlighted that XRP broke above $1.60 during the preceding rally phase.

Trading volume expanded throughout the recent downturn, indicating heightened market engagement as prices descended. This volume spike coincided with multiple bearish candles that drove XRP through nearby support structures and redirected focus toward the $1.48 territory.

Trader Sentiment Leans Bullish Despite Pullback

Binance metrics indicate approximately 70% of elite trader accounts continue holding long positions in XRP, with the remaining 30% positioned short. The account-based long-to-short measurement registers near 2.65. Position volume data mirrors this distribution, with the corresponding ratio at approximately 2.6.

This positioning profile persists despite the recent decline from $1.65. Previous market analysis revealed XRP futures open interest had recently declined during an earlier correction phase, providing additional perspective on current price dynamics and derivatives market behavior.

Weekly Performance Shows Sustained Gains

XRP maintains elevation compared to price levels from one week prior. CoinMarketCap records indicate the token traded near $1.30 on September 17, contrasted with the current $1.49 level. Separate reporting on an XRP Ledger AI payments update also documented expanded payment functionality across the network.

This positioning reflects approximately 15% appreciation relative to the September 17 baseline, despite the recent retracement. Moving forward, market attention centers on whether XRP can defend the $1.48 to $1.50 support corridor or stage a recovery above $1.54 to $1.56.

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