XRP Targets $1.50 If Price Breaks $1.42 Resistance
XRP's regulatory approval landscape shifted dramatically after the SEC reclassified it as a commodity in August 2025. With major asset managers now filing spot XRP ETF applications, the technical setup shows potential for a rally toward $1.50 if price clears key resistance.
Key Takeaway
XRP needs to break $1.42 to unlock a rally toward $1.50, with key support holding at $1.39.
XRP started a steady climb above $1.3880 and now trades above $1.4050 and the 100-hourly simple moving average. The price formed a high at $1.4199 before pulling back slightly, with a bullish trend line providing support at $1.3910 on the hourly chart.
Resistance sits near $1.4120 for the next upward leg. If XRP clears $1.420, the price could test $1.4320 and then move toward $1.450. Further gains above that level could push XRP toward $1.4740, with the next major target at $1.50.
If buyers fail to push through, downside support waits at $1.3910 and then $1.3830. That lower level marks the 50% Fibonacci retracement of the move from $1.3460 to $1.4199. A close below $1.3830 could trigger a slide toward $1.3550, with next support at $1.3320 and potentially $1.320. Main support sits at $1.3120.
Technical indicators show momentum on the bulls' side. The hourly MACD is gaining pace in the bullish zone, while the RSI sits above 50. XRP is moving in sync with Bitcoin and Ethereum, tracking broader crypto market sentiment.
The setup comes as XRP's regulatory picture brightened significantly. The SEC officially reclassified XRP as a commodity in August 2025, ending Ripple Labs' multi-year legal battle. That breakthrough has accelerated institutional adoption momentum, with Bloomberg analysts now seeing a 95% chance of XRP ETF approval. Major asset managers including Grayscale, Bitwise, Franklin Templeton, 21Shares, WisdomTree, and CoinShares have all filed updated applications for spot XRP ETFs, with hourly chart data from Kraken's XRP/USD pair showing major support at $1.3910 and major resistance at $1.4200.
This article was written based on reporting from NewsBTC.
