XRP slipped towards $1.46 on Wednesday after another failed attempt to clear the $1.52 to $1.55 area, putting a support zone that has repeatedly attracted buyers back under pressure.
The token reached about $1.523 on Tuesday before retreating, following a move to roughly $1.55 on October 2 that also failed to hold.
Those repeated rejections are becoming harder to dismiss as routine consolidation. XRP still has several potential catalysts ahead, but price action suggests sellers above $1.50 remain in control.
A sustained break below $1.45 would make the short-term picture materially weaker.
XRP keeps meeting sellers before $1.55
XRP traded as high as about $1.55 on October 2, then failed to maintain the move. Subsequent sessions produced highs near $1.53 and $1.52 before the token weakened towards $1.46 early Wednesday.
That sequence suggests buyers are struggling to absorb supply between roughly $1.52 and $1.55.
“There is a TON of overhead supply to work through,” Peter Brandt said, according to Benzinga.
Brandt has not abandoned the bullish case. He sees a possible chart formation with a measured objective near $2.16, but described the developing structure as imperfect and said further consolidation may be needed.
That distinction matters, as XRP can still break higher, but repeated failure around the same resistance means sellers have not yet been cleared.
That makes the next test of $1.45 considerably more important for bulls.
$1.45 is becoming the level bulls cannot afford to lose
XRP has spent much of the recent period trading between roughly $1.45 and $1.55, making the lower boundary the key near-term test.
FXStreet analyst John Isige warned on Tuesday that “an extended cap on the upside could leave buyers exhausted, prompting profit-taking and increasing sell-side pressure.”
XRP touched about $1.45 during Wednesday’s decline, bringing the market back to an area where buyers have previously stepped in.
A brief move below the level would not confirm a breakdown, but sustained trading underneath it would weaken the consolidation considerably.
The 50-day exponential moving average is placed around $1.40, followed by the 200-day EMA near $1.38 and the 100-day EMA around $1.33.
A confirmed loss of $1.45 would shift attention towards $1.40. If that fails, $1.38 becomes the next important structural support before the risk of a deeper correction increases.
Bulls still have one clear way to invalidate the bearish setup
The bearish argument remains conditional because XRP has not decisively broken support.
Crypto analyst Ali Martinez said a four-hour close above roughly $1.53 would confirm a bullish breakout. He sees $1.62 as the next major target if buyers produce that confirmation.
That gives traders a clear upside test.
Holding $1.45 would keep XRP range-bound rather than technically broken. Recovering $1.53 to $1.55 would undermine the repeated-rejection thesis, while a sustained breakout could put $1.62 back in focus.
Upcoming catalysts may still help. Evernorth is expected to begin Nasdaq trading under XRPN on October 8, while two XRP Ledger upgrades could activate around October 8 and 9 if validator support remains above the required threshold.
But those events matter only if they generate actual buying.
XRP is not in a confirmed breakdown yet, but the burden is shifting towards bulls. Repeated failures above $1.50 have pushed price back to the lower end of its recent range.
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