XRP Price Analysis: Breakout Setup Strengthens Above $1.50 — Is $2 Possible?

• XRP price is holding above $1.50, and analysts are targeting a breakout toward $1.62.
• XRP faces key resistance at $1.54, $1.59, and $2 as its price moves higher.
• XRP’s $1.45 support remains critical as buyers continue accumulating the token.

XRP is preparing for another move higher after trading sideways for more than a week, according to analysts watching key levels between $1.45 and $1.62.

At press time, XRP is trading at $1.51, down 0.39% over the past 24 hours but still up 6.41% over the past month, according to CoinMarketCap.

In a post on X, analyst Ali Martinez called XRP his top altcoin setup this week. He said XRP has broken above a descending resistance line on its four-hour chart.

For the setup to remain bullish, XRP needs to stay above $1.50. If it holds that level, Martinez expects XRP to move toward $1.62. Before reaching $1.62, XRP faces resistance around $1.54, $1.56, and $1.59, according to Martinez’s chart. 

XRP Stays in a Tight Range

Meanwhile, ChartNerd has a more cautious view of XRP, saying the token has seen several fake breakouts while staying in a tight four-hour trading range. The analyst identified $1.45 as key support, while resistance remains around $1.50–$1.52.

XRP is stuck between support below and resistance above. A clear break in either direction will determine its next move.

If XRP falls below $1.45, the bullish outlook weakens. If it holds above $1.45 and breaks through $1.50–$1.52, the price targets shift toward $1.54–$1.62.

XRP Accumulation Reaches High Levels

Another analyst, CW, sees a bullish sign despite XRP’s quiet price movement. According to CW, XRP has been in an accumulation phase for more than a week. This is the longest accumulation period since XRP reached its current price range.

The accumulation score is 100/100, marked as “Extreme,” and the trend has remained active for 48 four-hour periods.

Other indicators show that XRP’s volatility is low. The ATR percentile is 26, the Bollinger Band width percentile is 24, and the ADX is 12.5. These readings show that XRP remains in a tight range without a strong trend.

Overall, the data points to buyers quietly accumulating XRP while the price remains stuck in a narrow range rather than waiting for a major breakout.

Peter Brandt Sees $2.16 Target but Warns of Selling Pressure

Trader Peter Brandt sees a bullish pattern on XRP’s weekly chart, but he also has concerns. Brandt believes XRP is forming a cup-and-handle pattern, with a potential target of around $2.16.

However, he says the handle is not well formed and needs more time to develop. The pattern remains in formation, and the setup is not yet complete.

Brandt also warned about strong selling pressure above the current price. Traders who bought XRP at higher prices are likely to sell when the price reaches those levels again.

He sees this as a major weakness for XRP compared with coins like XMR, where much of that selling pressure has already been cleared. Brandt added that his analysis is based only on XRP’s price action, not its fundamentals.

XRP’s Next Move Depends on $1.45–$1.50

Essentially, the analysts are watching the same price range but have different views on what comes next. 

Martinez believes XRP is preparing for a breakout toward $1.62 as long as it stays above $1.50. ChartNerd is watching $1.45 as key support, while CW sees signs that buyers are accumulating XRP. Brandt has a longer-term target of around $2.16.

Ultimately, $1.50 is the key level to watch. If XRP stays above it and breaks through resistance, the next targets are $1.56 and $1.62. If XRP falls below $1.45, the bullish setup weakens, indicating that the token needs more time before making a bigger move.

Related: XRP Price Prediction: Can XRP Reach $1.70 or Fall to $1.38 in October?