XRP Price Under Pressure: Can Bulls Recover Key Resistance Level at $1.65?

The XRP price has faced intense liquidation as high-leverage retail positions were cleared during the latest market decline.

A sharp move in the market forced many leveraged long positions out, while short positions have not grown. Open interest has returned to levels seen before the dump.

Attention is now on whether bulls can recover the key $1.65 level again, according to EGRAG CRYPTO, a crypto analyst who sees this level as a battleground for XRP.

The reaction around $1.65 could give traders a simple signal: if XRP moves back above the level and stays there, confidence in a recovery could improve. If the price fails to regain it, the area could continue to act as a barrier during any attempted rebound.