XRP has recently risen to the vicinity of US$ 1.59, only one step away from the US$ 1.65 resistance. According to external sources, this position is becoming the focus of market attention, as it may determine whether this round of rebound continues to advance or is again blocked in the front height.
1.65 United States dollars for short-line focus
The market analyst EGRAG CRYPTO argued that the US$1.65 was both an important place in the previous decline and a point where the current round of repairs needed to be re-established. According to the article, touching this price alone is not enough to change the course of events, and the key is to effectively break through and maintain the trade over it.
The CoinCodex data show that the XRP ' s latest report is US$ 1.59, which means that the gap with this resistance level is no longer significant. If the follow-up station is stable, the market's judgement of the rebound may be further enhanced.
The whale rises and moves back up the chain. litres
It was reported that XRP had previously broken through a two-week consolidation and that short-line kinetic energy had improved. At the same time, large holders are said to be holding an additional 190 million XRPs in one day, which the market sees as one of the signs of a return to the flow of funds.
In addition to the change of hold, XRP Ledger's chain activity is also increasing. According to the article, this reflects a warming of the market ' s interest in the XRP and provides background support for the current price test critical resistance position.
Week 50, EMA is also considered an important signal.
Another market critic, CartNerd, mentioned that the current trend of XRP is similar to the structure around the bottom of the 2022 cycle. In addition to US$ 1.65, it was reported that 50-week average movement of the index was the focus of medium-term observations.
If the XRP subsequently recovered USD 1.65 and 50 weeks of EMA, the overlap of the two signals might make the market more inclined to view the current trend as a shift from rehabilitation to a more sustained up-to-date phase.
The article also refers to the context change at the regulatory level. Ripple CEO Brad Garlinghouse recently participated in a closed-door discussion around the United States' Clarity Act, with the participation of United States Secretary of Commerce Howard Lutnick. This, according to the report, shows that the industry is still promoting clearer rules for the regulation of encryption.
However, short-term markets remain focused on the US$ 1.65 line. The ability to break through and hold this position remains the core observation point for judging the strength and weakness of the current XRP rebound.