XRP Trapped in Tight Range Between $1.50 and $1.61

XRP has been stuck in a tight range between $1.50 and $1.61, with traders waiting for a clear break to determine the next direction.

Crypto analyst Diana notes that XRP 'almost crashed at $1.50 and bounced,' but buyers continue to defend this level, which has held through multiple selling waves.

The asset dropped nearly 3% and is trading at $1.5205, a support level repeatedly defended by the market.

Diana highlighted that if $1.50 fails, XRP would drop to $1.44, but as long as it holds, additional support levels sit at $1.4986 and $1.5005 just above it.