Why $1.46 Could Trigger the Next Breakout Toward The Psychological Price of $2
XRP is approaching a potentially pivotal level, with $1.46 emerging as a key line for bulls if the latest breakout is to fuel another move higher.
Market analyst Diana says XRP is consolidating tightly around $1.46–$1.48 after its recent surge. The pause could be more than a simple pullback, especially as short-term momentum begins to recover.
The 1-hour RSI is crossing back above its signal average in the mid-40s, hinting at a bullish momentum shift. The 4-hour RSI, meanwhile, sits near 58, far below the overbought levels above 80 seen during XRP’s initial rally. That suggests the market has cooled without completely undoing the breakout.
CoinCodex data shows XRP trading at $1.38 after its rejection around $1.50, although the top altcoin is still up by 35% over the week, a sign that the broader rally remains significant.
Why $1.46 Matters
Holding $1.46 could give bulls the foundation needed for another breakout. If XRP clears the current range and pushes through $1.70, the next major psychological target could be $2.
Failure to defend $1.46, however, would weaken the setup. Traders could then turn their attention to $1.34, followed by the $1.30 support zone.
What’s more interesting is that the longer-term chart is even more ambitious.
Market commentator ChartNerd believes XRP’s 8.5-year cup-and-handle formation is becoming increasingly significant. The analyst argues that XRP’s move from $1.46 in May and subsequent decline toward roughly $0.98 fit the expected handle, with price finding support near rising golden-cross and Fibonacci levels.
ChartNerd’s long-term Fibonacci extensions point toward $8 and potentially higher by 2030. Still, that should be viewed as a long-range technical scenario, not an immediate price target.
Meanwhile, exchange outflows have reached a 6-month high, while XRPL addresses have surged, pointing to stronger network activity. Momentum has also increased in South Korea, even as Binance leverage reaches a seven-month high.
For now, XRP’s immediate battle is much simpler: hold $1.46, or risk a deeper retracement.
A successful defense and break above $1.70 could put $2 firmly back on the radar. Lose $1.46, and $1.34 and $1.30 may quickly become the next levels to watch.
