XRP Faces $1.65 Showdown as Bulls Eye a Bigger Breakout
XRP is approaching $1.65, a key resistance level that could determine whether its recent recovery has further room to run or stalls at another major hurdle.
Market analyst EGRAG CRYPTO has identified $1.65 as XRP’s current battleground, citing its importance on both the decline and recovery. A decisive reclaim of the level, followed by sustained trading above it, could signal a stronger shift in XRP’s market structure.
XRP is already within striking distance. CoinCodex data shows the top altcoin trading at $1.59, leaving bulls with only a narrow gap to close before testing the key resistance.
Is there more than meets the eye? Well, momentum has improved since XRP broke out of a 2-week trading range. Adding to the bullish backdrop, large holders reportedly accumulated roughly 190 million XRP in a single day, while rising activity on the XRP Ledger points to renewed market interest.
Still, simply touching $1.65 may not be enough. Bulls need to break above the level and turn it into support. This would provide stronger confirmation that the latest breakout has staying power rather than being another short-lived rally.
50-Week EMA Adds to the Bullish Setup
The longer-term technical picture is also drawing attention. Market commentator ChartNerd has pointed to similarities between XRP’s current structure and the setup surrounding its 2022 cycle bottom.
A key indicator to watch is XRP’s 50-week exponential moving average (EMA). Reclaiming this long-term trend marker could strengthen the case that XRP is transitioning from recovery into a more sustained uptrend.
If XRP can push above the 50-week EMA while also reclaiming $1.65, the two signals could reinforce each other and give bulls a stronger technical foundation.
The regulatory backdrop is adding another layer to the story. Ripple CEO Brad Garlinghouse recently participated in private discussions on the CLARITY Act with the U.S. Commerce Secretary Howard Lutnick, underscoring the industry’s push for clearer crypto rules in the United States.
For now, however, all eyes remain on $1.65. With XRP hovering around $1.59, bulls are closing in on the level that could define the next phase of the recovery.
Break it, hold it, and XRP’s rebound could take on a much more convincing bullish structure.
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