Analyst: XRP Must Stay Above This Level for Doors to Open

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XRP initially recorded a rebound, gaining 9.4% on Wednesday and 6.5% within 24 hours. This brought the price to approximately $1.46. Although this rebound has been erased by a 4.04% decline in the past 24 hours, the initial price movement coincided with broader market recovery, which saw Bitcoin trading above $68,000

The positive traction comes amid increased scrutiny of trading activities in the sector. Analysts are now identifying the specific resistance levels XRP must overcome before approaching the $2 mark.

Key Price Levels and Short-Term Targets

Data suggests that as long as XRP maintains support above $1.40, short-term upside targets in the $1.49 to $1.52 range remain achievable. Beyond this zone, the next significant barrier sits around $1.68

Traders seeing a potential move above $1.68 could then focus on the $2 threshold. On the other hand, a failure to hold above $1.40 could lead to a downward adjustment toward $1.35, indicating the importance of maintaining support at the current level.

Importance of the $1.50 Level

He also noted that the pattern forming could resemble previously observed setups, suggesting a methodical recovery rather than a spike driven purely by open interest or speculative activity. The focus on $1.50 aligns closely with Demanincor’s identified resistance range of $1.49 to $1.52.

Liquidity and Short Positions

Liquidity data indicate that there is limited downside below current levels, while short positions remain concentrated above the current price. This configuration suggests that if XRP continues its upward movement, short sellers may need to cover positions, which would add buying pressure and potentially accelerate gains

Analysts have highlighted that such dynamics could enable rapid price movements if resistance levels are breached, making the $1.49–$1.52 and $1.68 zones critical for monitoring market momentum.

The rebound follows renewed attention on trading behavior related to Jane Street, including allegations involving Terra assets and Bitcoin selling patterns, though some claims remain unconfirmed. These developments, combined with broader market trends, show the cautious optimism among traders, who are watching key technical levels before committing to new positions.

XRP’s initial recovery demonstrates early signs of resilience, with several resistance levels requiring attention before reclaiming $2. If the token maintains support above $1.40 and monitors the $1.49–$1.52 zone, this will be critical to its price direction

Liquidity conditions and concentrated short positions suggest potential for accelerated upward movement if key barriers are breached, but failure to hold support could trigger a retracement toward $1.35.

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