XRP Breaks $1.50 as Bulls Target $1.56 Resistance

XRP has delivered a notable technical breakout after spending five weeks consolidating on the weekly chart, putting traders’ attention firmly on the next major resistance level.

The cryptocurrency gained about 5.5% over the past week and briefly climbed to $1.57 before settling in the $1.51–$1.54 range. The move pushed XRP above the psychologically important $1.50 level, with stronger trading volume supporting the breakout.

XRP is now testing resistance around $1.55–$1.56. A weekly close above this zone could strengthen the bullish technical setup by turning the former upper boundary of the consolidation pattern into potential support. Such a move would also provide additional confirmation that buyers remain in control following the recent breakout.

The rally comes alongside strength in Bitcoin and renewed momentum across the broader cryptocurrency market. Attention has also shifted from regulatory developments involving Ripple, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission toward XRP price action and technical indicators.

Veteran trader Peter Brandt added to the discussion after sharing an XRP chart featuring a mathematical long-term price target of $5.40. However, Brandt cautioned traders against interpreting technical projections as guarantees, emphasizing that he personally holds only Bitcoin.

Macro investor Raoul Pal also defended Brandt’s analysis, arguing that traders should approach market forecasts in terms of probabilities rather than treating individual technical targets as certain outcomes.

For XRP, the $1.55–$1.56 region remains the key level to watch. Sustained trading above this resistance could reinforce the broader bullish trend and open the door to higher price targets.

However, failure to maintain the breakout could trigger a pullback toward $1.40. Even in that scenario, the broader technical structure could remain constructive unless sellers push XRP decisively below its recent support levels. The coming sessions will therefore be important in determining whether XRP can convert its latest breakout into a sustained upward move.