XRP Rises 16% in a Week but Remains Below $1.60. What Will It Take to Reclaim That Level?
The rally was driven by about $300 million in forced short liquidations, while weaker fund inflows and upcoming protocol events may shape the next move.
- XRP rallied from $1.30 to a peak of $1.66 in six days, driven primarily by $300 million in forced short liquidations rather than organic buying demand.
- When prices rise, exchanges force traders to close short positions by purchasing XRP at market prices, a process called liquidation that triggered the recent market surge.
- Institutional interest remains limited, as September ETF inflows of $10 million to $19 million weekly trail August's $28 million single-day peak recorded on August 26.
- Trading at $1.51 on yesterday, XRP faces nearest support at $1.48, which sits just 2% below the current price after the recent market correction.
- The XRP Ledger Batch upgrade is set for September 29, while Ripple can release up to 1 billion XRP from escrow on October 1, valued at about $1.5 billion.
10 Articles
10 Articles
XRP Gained 16% Last Week and Lost 7% in a Day. Is the Rally Already Over?
XRP (CRYPTO:XRP) gained 15.8% by September 23, 2026, then fell 6.9% the next day. As of September 24, it trades at $1.51. The XRP rally lifted the coin from $1.30 to a peak of $1.66 in just six days before selling pressure emerged. This surge was driven mainly by traders forced to close short positions, […]
XRP Update: XRP Erases Part of Recent Rally as Key Support Faces Fresh Test, Binance Top Traders Remain Heavily Long
XRP Drops to $1.49 as Long Positions Stay Elevated and Support Comes Into Focus. XRP has pulled back sharply after its latest advance, falling from the $1.64 area toward $1.49 as short-term selling pressure returned.Visit Website
XRP retreats 6.21% in 24 hours to $1,54, dragged by a generalized crypto market correction as XRP ETFs approach $2 billion and a $20 million theft is confirmed in the D'CENT portfolio.
XRP Rises 16% in a Week but Remains Below $1.60. What Will It Take to Reclaim That Level?
The post XRP Rises 16% in a Week but Remains Below $1.60. What Will It Take to Reclaim That Level? appeared first on 24/7 Wall St.. XRP (CRYPTO:XRP) rose 15.8% in the week leading up to September 23, 2026. As of September 24, it traded at $1.51—about 6% below the critical $1.60 mark. Though XRP…
XRP Pulls Back to $1.50: 50-Day SMA, RSI and Volume Profile Levels in Focus
XRP holds a nearly 16% weekly gain despite falling toward $1.50, with $6.46 billion in daily trading volume and a $94.6 billion market cap. XRP retained a nearly 16% weekly gain on September 24 despite a daily decline that...
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