XRP, the native token of the payments-focused XRP Ledger and long one of the largest cryptocurrencies by market value, has staged a substantial multi-week recovery, surging more than 47% in just seven days and testing a critical structural ceiling near the $1.50 level. After an explosive, near-vertical rally from the August market lows, price action has once again reached a stubborn resistance zone — in technical-analysis terms, a price area where selling has repeatedly overwhelmed buying, and one that draws heightened attention with every successful defense.

According to popular chart analyst Dom, known on the X platform as @traderview2, clearing this overhead barrier is the ultimate prerequisite for the cryptocurrency to unlock its next major leg upward toward the $1.80 range. With relatively thin resistance observed in higher-order books — meaning comparatively little visible sell-side depth stacked above the market — market participants are watching closely to see whether aggressive bullish volume can sustain a breakout above this multi-month pivot.

Repeated Failed Attempts

Throughout the current year, XRP bulls have attempted to breach and hold above this precise level on at least four separate occasions, with each attempt resulting in an immediate rejection and a subsequent downtrend.

The analyst noted that before the prior capitulation phase, the price briefly spiked through the $1.50 mark to sweep liquidity but ultimately failed to establish structural acceptance above it. A move of that kind — piercing a level just far enough to trigger stop orders resting just beyond it before reversing — is what traders call a liquidity sweep.

Dom emphasized that if buyers can successfully consolidate and hold above this barrier, the $1.80 range becomes the primary destination, a level the analyst refers to as "the ticket." That figure is a chart-based projection from a single analyst rather than an observed market level.

The Key Level on the Chart

A prominent green horizontal resistance zone near $1.50 dominates the chart, marked explicitly with cyan circles that illustrate the repeated rejections experienced in February, March, April, and May.

XRP entered a prolonged capitulation phase that culminated in a drop to the Value Area Low near the $1.00 mark in early August — in volume-profile analysis, the lower boundary of the price band where the bulk of an asset's trading volume has occurred.

From that macro bottom, the asset experienced a sharp V-shaped recovery, with a near-vertical expansion candle pointing directly into the overhead resistance zone.

A long upper wick on the recent daily candle demonstrates strong buyer momentum tapping into liquidity above $1.50. However, the price has momentarily pulled back to digest those gains. What chart watchers typically monitor from here is procedural rather than predictive: a daily close above the zone on sustained volume, followed by a retest in which former resistance holds as support — the consolidation behavior Dom's scenario depends on. Until that occurs, the four rejections already printed at $1.50 this year remain the level's track record.