Can XRP Bulls Drive the Price Past $1.60 This Week?
XRP trades near $1.50 as bulls attempt to defend key support levels and break through the $1.58–$1.60 resistance barrier, while developers release an emergency XRPL protocol update.
Currently trading around $1.50, XRP has dropped 4.5% over the trailing seven-day period. Bulls must successfully defend the $1.48–$1.50 zone and break through the $1.58–$1.60 resistance barrier to push the token back above $1.60. Having previously reached $1.6582 last week, the short-term trajectory for XRP depends on whether it can manage a renewed test of $1.60 or faces a downward slide toward $1.44–$1.45.
XRP This Week: Price Prediction, $1.60 Target And Key Resistance
This price action follows a substantial upward move. The cryptocurrency surged roughly 33% from a September 16 low of $1.2457 to hit $1.6582 on the two-hour Binance chart. According to CoinGecko figures, the asset fluctuated between $1.47 and $1.56 over the past 24 hours.
XRP Price Holds Above Former Resistance
On the positive side, XRP continues to maintain its position just above the $1.48–$1.49 zone, which previously acted as a ceiling prior to the recent rally. An initial rejection above $1.60 pulled the asset back into the upper $1.40s, while a subsequent push failed to surpass the $1.6582 peak, forming a short-term pattern of lower highs.
The downward correction coincided with comments from Ripple CEO Brad Garlinghouse posted on X on September 24. When asked why an investor should choose XRP over Solana over the next five years, Garlinghouse remarked:
“I’m not one of these people who’s an XRP maximalist, I’m bullish on a bunch of cryptos for a bunch of reasons.”
Immediate support rests at $1.48–$1.50, followed by $1.44–$1.45. Conversely, the asset needs to reclaim $1.55 before aiming for a clean break past $1.60 to bring the $1.6582 high back into focus.
Indicators Cool As XRP Ledger Ships An Emergency Fix
Technical indicators such as the RSI, MACD, and CCI reflect a noticeable cooling of momentum. Three separate RSI readings stand at approximately 39.27, 42.79, and 48.14—all staying below the neutral 50 threshold—while the MACD remains negative with its histogram near -0.0082.
Meanwhile, developers of the XRP Ledger have released version xrpld 3.4.1. The official XRPL announcement noted:
“This is an emergency release to fix security-sensitive issues in the XRPL protocol. This release introduces a new amendment, fixBatchV1_2, with the default vote set to “Yes”.”
XRP Ledger Operations shared the following statement on X:
“xrpld 3.4.1 is being released with a Batch fix and stability improvements. We’re asking validators and node operators to upgrade as soon as possible. There has been no impact to mainnet, and no loss of funds.”
Although this patch has already secured a validator supermajority and is slated to go live on October 9, it functions primarily as a network update rather than an immediate market catalyst.
XRP Price Prediction: Can Bulls Reclaim $1.60?
The short-term price outlook depends heavily on the $1.48–$1.50 zone. As long as this support level holds, another test of $1.60 remains probable, with the $1.58–$1.60 range serving as the primary resistance hurdle. Potential scenarios include:
| Scenario | What XRP Needs To Do | Areas To Watch |
|---|---|---|
| Bullish | Hold $1.48-$1.50, recover $1.55 and clear $1.60 | $1.60, then $1.65-$1.66 |
| Base Case | Keep holding former resistance | $1.48-$1.58 range |
| Bearish | Lose $1.48 decisively and fail to reclaim it | $1.44-$1.45, then $1.39-$1.42 |
If buyers successfully defend prior resistance levels, XRP could build momentum for another push toward the $1.60–$1.66 bracket. However, a decisive breakdown below $1.48 would likely pull the price down toward the $1.44–$1.45 region.
Frequently Asked Questions
01What is the current trading price of XRP?
XRP is currently trading at around $1.50, reflecting a 4.5% decline over the past seven days.
02What are the key support levels to watch for XRP?
The primary support zones to monitor are $1.48–$1.50, followed by further support at $1.44–$1.45.
03What resistance levels must XRP clear to move higher?
Bulls need to reclaim $1.55 and clear the $1.58–$1.60 resistance zone to push the token back toward its previous high of $1.6582.
04Why was version xrpld 3.4.1 released?
It is an emergency protocol update designed to resolve security-sensitive issues in the XRPL protocol by introducing the fixBatchV1_2 amendment with stability improvements.
