The token traded near $1.47 on Sept. 29, down around 1.4% on the day, as the benchmark 10-year U.S. Treasury yield climbed toward 5.27%, its highest level since 2007. The 30-year yield has also pushed above 5.5%, while a stronger dollar and elevated oil prices are keeping financial conditions tight.
For XRP, that leaves $1.50 as the immediate level that could decide whether the recent recovery remains intact.
XRP Loses the $1.50 Pivot
The latest decline follows several failed attempts to establish a stronger foothold above $1.50.
Technical data now puts immediate resistance around $1.57 to $1.63, while failure to reclaim $1.50 could expose the 200-day exponential moving average near $1.37. A deeper breakdown could bring the $1.28 region back into focus.
That makes the current setup different from the recent XRP breakout, when recovering $1.40 reopened the path toward $1.58 and potentially $2.
XRP has already shown that it can rebound quickly from the low-$1.30 region. The question now is whether buyers are willing to defend the move while macro conditions become less supportive.
Treasury Yields Are the Bigger Problem
The pressure is not specific to XRP.
The U.S. 10-year Treasury yield reached roughly 5.27%, a level not seen in 19 years, as investors reacted to persistent inflation concerns, heavy government borrowing and higher oil prices.
Higher bond yields tend to make safer interest-bearing assets more attractive while increasing the opportunity cost of holding non-yielding risk assets such as crypto.
Coinpaper has already highlighted how XRP ETF demand can diverge from price, with institutional inflows previously continuing even as XRP weakened.
That divergence could become important again if bond-market pressure persists.
Can XRP Recover Toward $1.60?
The bullish scenario still begins with a clean reclaim of $1.50.
If XRP can hold above that level, the $1.57–$1.63 resistance zone becomes the next test. A stronger breakout could then reopen the broader recovery path that traders previously watched toward $1.70 and eventually $2.
The bearish scenario is simpler.
If $1.50 continues acting as resistance and macro conditions deteriorate further, $1.37 becomes the key downside level. Losing that support would weaken the recent recovery considerably and expose the $1.28 area.
