XRP reached $1.62 before sellers pushed the price back to $1.54, placing the cryptocurrency just below a major supply area. Crypto analyst Xaif Crypto now focuses on the $1.70–$1.80 range, wh
XRP reached $1.62 before sellers pushed the price back to $1.54, placing the cryptocurrency just below a major supply area. Crypto analyst Xaif Crypto now focuses on the $1.70–$1.80 range, which he identifies as a major liquidity zone. The latest price action puts XRP within reach of a level that could shape its next move.
XRP Faces Selling Pressure at $1.62
Xaif Crypto reported on X that XRP “just tapped $1.62 and pulled back to $1.54.” The rejection shows sellers stepped in as XRP approached $1.62, preventing the token from extending its move toward $1.70.
The analyst described XRP as “knocking on the door of MASSIVE liquidity” and told XRP traders to keep their eyes on the $1.70–$1.80 zone. His analysis centers on the liquidity and selling pressure that XRP could encounter as it approaches this range.
A supply zone marks an area where sellers may have significant orders. XRP could face stronger resistance as it moves from its current $1.54 level toward $1.70.
$1.70–$1.80 Holds Major Significance
XRP must first regain $1.62 before it can challenge the $1.70–$1.80 range. A move through $1.62 would give buyers another opportunity to push the price toward the supply zone, while continued rejection could keep XRP below that area.
The pullback from $1.62 to $1.54 does not automatically end the upward move. If buyers defend nearby support and rebuild momentum, XRP could test another move toward $1.62. Traders could then watch whether increasing volume increases on the next advance.
Strong spot buying would help XRP absorb the selling pressure around the supply zone. Weak volume, however, could make it harder for buyers to maintain an advance through $1.70.
XRP Needs Buyers to Challenge $1.80
XRP needs sustained buying pressure to clear the $1.70–$1.80 range. Traders can also monitor trading volume, open interest, and funding rates as XRP approaches these levels.
A decisive move above $1.80 would give buyers access to higher price levels, with $2.00 becoming the level traders could monitor next. XRP must first reclaim $1.62 and overcome the supply between $1.70 and $1.80.
For now, Xaif Crypto’s analysis focuses on the liquidity surrounding $1.70–$1.80. XRP’s ability to regain $1.62 and attract stronger buying could determine whether it attempts that zone again.
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