XRP price stabilized above $1.50 on Tuesday as buyers defended a support zone. Technical signals remain constructive, although profit-taking and fading demand could still extend the correction from September highs.
XRP retraced from its September highs around $1.66, having failed to consolidate gains from its initial rally. Traders are awaiting a decisive breakout above $1.50, while the ability to break higher will be contingent on sustained bullish momentum.
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Why XRP Supply on Binance Is Moving Lower
According to CryptoQuant, on Monday, XRP reserves at Binance had fallen to 2.69 billion from 2.70 billion last Saturday. The current balance remains above the low of mid-August, indicating continued elevated levels of exchange-supply availability.
A decreasing exchange balance may indicate lower near-term token supply, whereas transfers from centralized exchange wallets to self-custody wallets suggest a higher holding timeframe, although such movements do not guarantee a price increase.
If the Binance reserve balances continue their downtrend amid rising demand trends, the reduced sell-side pressure might sustain resistance levels at September highs of $1.66 and August highs of $1.70.
As of press time, XRP is trading at $1.52, showing an uptick of 2.73% in the past day. The 24-hour trading volume stands at $4.55 billion, with a market capitalization of $95.68 billion. Over the last week, the coin price has decreased by 3.66%, according to CoinMarketCap.
XRP prices continue in a recovery trend and not a breakout pattern; buyer pressures have stalled at resistance zones. Prices remain below their September highs and August peak levels of around $1.70.
Where XRP Could Move If $1.45 Support Breaks
Popular analyst Egrag Crypto highlighted that XRP remains trapped inside a micro range within a broader market structure. He identified $1.45 as the lower boundary and $1.65 as the upper limit.
According to Egrag, moves inside that zone remain range-bound unless the token records a confirmed close outside either side. He said a close above $1.65 would change the structure, while a break below $1.45 would increase C-wave risk.
His downside roadmap includes $1.41, $1.37, $1.32, $1.28, and potentially $1.22 if the corrective scenario develops. He also said levels around $1.30 or lower could become areas where he would consider accumulating again.
The framework keeps the XRP price between clearly defined boundaries. Until either side breaks, smaller candles inside the band may not provide enough evidence to confirm a new directional trend.
What the Cup-and-Handle Pattern Signals for XRP
Moreover, another analyst, Diana, mentioned a seven-year cup-and-handle formation targeting various technical levels. The first level of resistance stands at $1.71 based on rejection at $1.697, which XRP hit before breaking down in the early quarter.
The recovery zone lies within $2.17-$2.53. She marked $2.90-$3.42 as a level trending towards the all-time high territory, followed by the major structural zone spanning $3.40-$3.66.
Diana flagged $4.08 as the 100% Fibonacci extension and $6.00 as the 161.8% extension, while her cup depth projection reaches $6.70; nevertheless, these targets represent theoretical technical projections rather than confirmed outcomes.
XRP must move from its nearby resistance levels in order to establish new targets. The current market structure remains around $1.45 and $1.65, according to analyst observations.
How Rising Open Interest Is Shaping XRP Price
CoinGlass data shows that XRP future volume is falling by 4.31% to $5.46 billion. Open interest climbed by 2.28% to $3.56 billion, whereas the OI-weighted funding rate currently stands at 0.0095%.
As the volume of derivatives transactions wanes, open interest is increasing, signifying that more leveraged positions are being added onto the market. The positive funding amount shows that the longs are paying out for the shorts, which means there is a mild long bias.
According to CoinGlass liquidation heatmap data, the XRP price rebounded towards $1.51 following a temporary breakout past $1.55. Upside liquidity clusters appear at $1.53-$1.54 and $1.56-$1.58.
A break higher above $1.53 may push the price closer to the higher liquidity cluster at $1.56. Conversely, downside liquidity clusters occur at $1.49-$1.50 and $1.45-$1.46, with $1.49 representing the closest lower liquidity area.
If the price weakens further, it may uncover the more robust level at $1.45. Conversely, a recovery above $1.53 eliminates near-term bearish pressure, focusing attention on the higher liquidity clusters again.
What RSI and MACD Signal for XRP Price
According to TradingView data, the Relative Strength Index (RSI) is at 58.02, while its moving average value is at 58.06. The RSI stayed above the neutral 50 level but did not exceed 70, which signifies overbought conditions.
The RSI position indicates mild bullish momentum without approaching overheating conditions. There remains upside potential if the buying pressure increases and sustains prices above current levels of support.
The Moving Average Convergence Divergence (MACD) indicator is also positive. The MACD line stood at 0.05182 and exceeded the 0.04908 signal line. Additionally, the histogram stayed positive at 0.00274.
The small divergence between the two trendlines demonstrates waning momentum in spite of bullish bias. To test the resistance level of $1.65, XRPa should sustain buying pressure above $1.53. A fall below $1.45 would redirect attention to lower corrective objectives outlined by the analyst.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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