XRP Rejected at $1.50 Again as Trump–Iran News Hits Crypto
Ripple’s XRP surged Sunday evening, briefly breaking above $1.50 after dipping to about $1.38. It then quickly lost momentum and failed to hold the breakout, sliding back below the level as bears stepped in.
The rejected move followed a viral reaction from U.S. President Donald Trump to a new Iran peace proposal, which markets widely interpreted as “totally unacceptable.” The broader crypto tape reacted too: BTC jumped to around $82,300 before dropping under $81,000. In XRP’s case, the article notes a heavier macro overhang, with six straight months of losses (five were double-digit) before a modest April rebound.
Technically and positioning-wise, sentiment is mixed but not fully bearish. Analysts cited maintained upside momentum in XRP futures, with limited downside pressure. CW said the decline’s selling intensity looks small and that “the rise will resume,” while CRYPTOWZRD flagged a “bit bullish” close and expects follow-through within 12–24 hours. A key level is $1.445; traders may watch whether XRP can reclaim and hold above it.
Longer-term, ERGAG CRYPTO argued XRP’s bull structure remains intact as long as it stays above the 2-month 21 EMA, but warned that stronger confirmation would likely require a reclaim of the $2.40–$3.36 zone—opening the door to a more ambitious higher-target scenario.
Neutral
The news is mixed for traders. On one hand, XRP’s repeated rejection at $1.50 is a clear short-term bearish signal: momentum failed quickly after the breakout attempt, and macro risk sentiment (Trump’s response to Iran) immediately pressured the tape, even lifting-then-falling BTC.
On the other hand, the article stresses that XRP futures positioning still shows maintained upside momentum and “small” downside pressure. That often happens when spot breakouts are weak, but derivatives positioning hasn’t fully flipped bearish—meaning a retest can still succeed if traders defend key support (notably $1.445). Similar past patterns in crypto have seen prices reject a psychological level (like $1.50 for XRP) and then resume higher once macro headlines cool and the next support level holds.
Short-term (next 12–24 hours), the market impact likely depends on whether XRP holds above $1.445 and whether volatility fades after the headline-driven move. Long-term, analysts’ condition remains structural: a more durable bullish phase likely needs a reclaim of $2.40–$3.36. Until then, traders should treat this as a consolidation-with-headlines environment rather than a clean trend reversal.