XRP on the edge: History supports $1.60, but we're waiting for economic surprises

XRP Price ($1.97, down -3.95% in 24h) is at a standoff. Will history repeat itself, or will the market surprise us this time with a new scenario?

The $1.60 level is a magic barrier for XRP holders

Over the past 13 months, the XRP support zone around $1.60 has proven to be a reliable breakout area. Every time the price approached this level, investors reactivated buying, and the token rebounded toward resistance at $2.40–$2.50. Reality shows that this is no coincidence — it’s a psychological turning point where buying pressure consistently overwhelmed selling pressure.

The beginning of 2024 brought the first test: XRP fell to ~$1.60 and recovered to $2.20. Mid-year, a repeat — touching support again, then rising back to $2.35. Recently, the price approached this area and quickly returned to the upper range. Traders have started recognizing this phenomenon as a reliable signal — a psychological zone acting like a trampoline.

We are waiting, but conditions are changing

However, this is an era where stories can be interrupted. Recent decisions by the Bank of Japan and macroeconomic tensions introduce a variable that was not present in previous support tests. ChartNerd, a well-known community analyst, summarized it accurately: “Although history is on our side, let’s not assume that economic storms can’t change the buying desire at the $1.60 level.”

Traders know that this time requires caution. Previous rebounds were strong and clean — today they might be more chaotic or weaker due to broader market pressures.

What could happen: two technical scenarios

Bullish scenario: XRP will break away from $1.60 and return to the resistance zone of $2.40–$2.50, confirming the viability of the 13-month trading range.

Bearish scenario: Breaking below $1.60 could signal a deep correction, resetting the entire market momentum and forcing investors to rebuild their assumptions.

How to prepare now

XRP holders should treat the current moment not as a signal for immediate action, but as a time for observation. Monitor the $1.60 level — its hold or break will tell you whether the market remains in its historical pattern or enters a new reality.

In times of economic uncertainty, waiting for the next market shifts, patience is a form of strategy. Don’t act impulsively. Wait for clear signals.