XRP Tests $1.89 Resistance as 3-Wave Rally Stalls

2026-02-01 15:34:29

⬤ XRP pushed into micro resistance territory after bouncing from the mid-$1.50 support zone, now trading in a critical range between $1.64 and $1.89. The token’s recent climb followed a sharp drop, bringing it to a make-or-break technical level rather than confirming any lasting turnaround.

⬤ The recovery from support near $1.55 ran into resistance defined by previous highs and multiple Fibonacci retracement levels. This resistance zone includes the 23.6%, 38.2%, and 50% retracement markers, making it technically significant. Price momentum has clearly slowed as XRP entered this range, pointing to growing selling pressure.

⬤ The structure of the rally is telling—it’s unfolded as a three-wave move rather than the stronger five-wave pattern that typically signals genuine reversals. As one analyst noted, “This limits confirmation that a meaningful market low has been established.” Three-wave advances are usually corrective moves that show up during brief countertrend bounces. XRP is also trading below former support levels that have now flipped to resistance, adding another layer of weakness to the setup.

⬤ This technical picture matters because XRP tends to make decisive moves once it either breaks through or gets rejected at major resistance zones. If the token fails to crack and hold above $1.89, it could face renewed selling pressure or get stuck in sideways action. Only a structurally stronger advance would build confidence that a solid bottom is actually in place. For now, XRP sits in a fragile spot where momentum and broader market conditions will determine what comes next.

XRP2,65%

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