Currently changing hands at roughly $1.50, XRP has experienced a 4.5% decline over the past week. Bulls are now tasked with defending the $1.48–$1.50 support band while pushing past the $1.58–$1.60 resistance barrier to propel the token back above $1.60. Having previously touched $1.6582 last week, the short-term outlook for XRP hinges on either a renewed test of the $1.60 mark or a potential pullback to the $1.44–$1.45 range.

Also Read: XRP Could Be on the Verge of a Major Breakout to $2.30

XRP This Week: Price Prediction, $1.60 Target And Key Resistance

This price action follows a substantial upward move. Starting from a low of $1.2457 on September 16, the token surged to $1.6582 on the two-hour Binance chart, marking an approximate 33% gain. CoinGecko figures indicate that trading over the trailing 24 hours has fluctuated between $1.47 and $1.56.

XRP Price Holds Above Former Resistance

A positive development for XRP is that it continues to sustain its position just above the $1.48–$1.49 zone, which previously served as a ceiling prior to the recent rally. An initial rejection above $1.60 pulled the token back toward the upper $1.40 range, and a subsequent push toward $1.60 also fell short of surpassing the $1.6582 high, establishing a short-term pattern of lower highs.

This downward correction coincided with comments made by Ripple CEO Brad Garlinghouse on X on September 24. When questioned about why investors should choose XRP over Solana for the upcoming five-year period, Garlinghouse remarked:

“I’m not one of these people who’s an XRP maximalist, I’m bullish on a bunch of cryptos for a bunch of reasons.”

Immediate support rests at $1.48–$1.50, with subsequent support located at $1.44–$1.45. Conversely, buyers must first reclaim $1.55 before aiming for a decisive breakthrough at $1.60 to bring the $1.6582 peak back into focus.

Indicators Cool As XRP Ledger Ships An Emergency Fix

Technical indicators including the RSI, MACD, and CCI reflect a noticeable cooling in market momentum. Three separate RSI values stand at approximately 39.27, 42.79, and 48.14—all situated beneath the neutral 50 threshold—while the MACD remains negative with a histogram reading near -0.0082.

Concurrently, developers on the XRP Ledger released version xrpld 3.4.1. The official XRPL announcement noted:

“This is an emergency release to fix security-sensitive issues in the XRPL protocol. This release introduces a new amendment, fixBatchV1_2, with the default vote set to “Yes”.”

Additionally, XRP Ledger Operations shared the following statement on X:

“xrpld 3.4.1 is being released with a Batch fix and stability improvements. We’re asking validators and node operators to upgrade as soon as possible. There has been no impact to mainnet, and no loss of funds.”

Although this protocol update has already secured validator supermajority support and is slated to launch on October 9, it remains primarily a network development rather than an immediate trading catalyst for XRP.

XRP Price Prediction: Can Bulls Reclaim $1.60?

Trajectory forecasts rely heavily on the maintenance of the $1.48–$1.50 zone. As long as this support holds, another test of $1.60 remains probable, with the $1.58–$1.60 corridor functioning as the primary resistance ceiling. Potential pathways include:

Should buyers successfully defend previous resistance levels, XRP could work its way toward another run at the $1.60–$1.66 bracket. Conversely, a definitive breakdown below $1.48 would likely drive the token toward the $1.44–$1.45 support zone.