XRP Faces Crucial Decision at $1.50-$1.60 Resistance Zone

XRP is currently trading near $1.56 and faces two possible scenarios for Q4 according to technical analysis.

The asset is testing a key weekly resistance zone between $1.50 and $1.60, where it also meets its 50-week exponential moving average at $1.5238.

Chart analyst ChartNerd outlined two potential paths: one where XRP is rejected from the current range and retracts during Q4, and another where it breaks through to $1.80-$2.00 before a deeper pullback.

To confirm the higher scenario, XRP needs to establish a sustained weekly move above the $1.50-$1.60 resistance zone.