XRP Hovers Near Crucial $1.50 Level as Traders Eye Fierce Price Action

XRP is pressing toward a key price level that has repeatedly stopped its advances for months. The make-or-break $1.50 level appears to be the threshold that could determine whether the latest recovery develops into a larger move.

Crypto trader Dom (@traderview2) noted that XRP tested its three-month and six-month rolling volume-weighted average prices as support this week, which is a positive sign.

However, turning $1.50 from resistance into support would be more important, according to Dom. He said 'Flipping $1.50 to support is still the only thing that matters here in the immediate.' Such a move could 'open the door for a fierce move to $1.80+.'

XRP has repeatedly encountered selling pressure around roughly $1.48-$1.55 since February, with several attempts to move through that area being rejected.