XRP Falls 2.9% as $1.50 Level Becomes Key Price Test

XRP slipped below the $1.50 price pivot today, falling to $1.47 after losing roughly 3% on the day. The move puts the market at an important technical point: whether selling pressure in the spot market leads to a quick recovery above $1.50 or extends the decline toward the $1.40-$1.42 area.

The 200-day EMA is currently around $1.37, a level that could determine whether XRP’s medium-term structure remains bullish or shifts to neutral. The token has formed a series of lower highs since reaching a local peak near $1.63 on September 23. A second attempt to break above $1.60 on September 25 also failed. Since then, XRP has moved progressively lower, falling from $1.55 to $1.52, then $1.50 and now $1.47.

The decline has not been driven by one major sell-off session. Instead, the price action suggests that buying interest has weakened, with modest rebounds repeatedly facing selling pressure. Following XRP’s sharp rally earlier in September, some cooling was expected, but the key question is whether $1.50 represented genuine support or simply a psychological price level now being tested.

The broader chart points to a consolidation phase after XRP climbed nearly 50% from its August low near $1.00. RSI is at a neutral 54, offering neither overbought nor oversold signals. As a result, price levels are likely to remain more important than momentum indicators in determining the direction this week.

Meanwhile, market data has shown sustained spot XRP ETF inflows reaching hundreds of millions of dollars over recent weeks. Some trackers interpret these flows as evidence of continued institutional accumulation beneath the market. However, the inflows have not been established as the direct cause of Monday’s decline. The drop below $1.50 is more clearly associated with failed resistance tests and weakening bid support.

XRP’s medium-term structure remains intact for now. The token is still trading above its 200-day EMA near $1.37, which has begun turning upward for the first time since spring. That suggests the broader trend has not yet been invalidated despite the recent short-term weakness.

A descending trendline extending from the late-August spike toward $1.70 was broken in mid-September, helping fuel XRP’s advance toward $1.67. Another descending trendline, this time drawn from the September 23 high, has now become the next major hurdle for bulls heading into October. If the trendline remains unbroken, its projected path could point toward $1.20 by mid-November.

XRP Price Next Move: $1.50 Reclaim or $1.37 Risk

For bulls, the immediate objective is to push XRP back above $1.50 on a daily closing basis. A successful reclaim would make the latest decline look more like a failed breakdown than a sustained trend reversal. In that case, $1.55 would become the next confirmation level, followed by the $1.60-$1.63 zone, which could bring the September 23 high back into focus.

If XRP fails to recover $1.50 over the next day or two, attention could shift toward $1.40-$1.42. Below that area, the 200-day EMA near $1.37 becomes the more significant medium-term level. A daily close below the EMA could weaken the bullish structure and shift it toward neutral, potentially exposing XRP to $1.30 and, in a broader crypto-market sell-off, $1.20.

For the week, the broader technical range is between $1.37 and $1.60, with $1.50 acting as the central pivot. A pullback toward $1.40-$1.42 followed by renewed buying would be consistent with a correction within a broader uptrend, although price action will determine whether that pattern develops.

The $1.80-$2.00 region remains a medium-term upside target while XRP holds above $1.37. A sustained break below that level would weaken the setup and make that target less relevant in the near term.

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