Crypto
XRP Faces Crucial Resistance at $1.55 Amid Binance Reserve Decline
XRP is currently trading near $1.50, with a key resistance level at $1.55. Binance holds around 2.65 billion XRP, based on CryptoQuant charts.
The recent price structure shows higher lows after the September decline, with XRP falling to $1.10 in August before recovering to $1.57 in late September. It then pulled back to $1.49.
XRP exchange flows remain below the major spikes recorded in late 2024 and early 2025, indicating a decrease in selling pressure.
The key short-term question is whether XRP can turn $1.55 from resistance into support. Holding above that level would keep the higher resistance levels in view, while a rejection could leave XRP trading between the $1.40 and $1.55 areas.