Analyst to XRP Holders: The Next Move Could Be Explosive If This Wall Holds

XRP is holding a critical price level with buyers showing up in size. The market is watching closely to see if the momentum will finally convert into a significant rally.

What the Chart Shows

The 1-hour chart tells a clear story. XRP ran up sharply in early September, reached highs near $1.49, and fell to reclaim its August peak. The asset pulled back immediately and has been trading in a compressed range, with multiple sell-side order blocks stacked between $1.42 and $1.50.

Those sell order blocks have acted as consistent resistance. Each attempt to push higher has met selling pressure in that zone. The most recent rejection came off the $1.42 level, pushing price down to the $1.32 range where a buy order block now sits.

That buy order block at approximately $1.32 to $1.34 is where the buy wall has formed. The chart shows significant bid volume concentrated at this level. A second, larger buy order block sits far below around $1.10, providing a longer-term support floor.

Community Reactions

The cloture vote for the CLARITY Act is scheduled for September 15, and many market participants believe something big could happen on that day.

The Setup Going Forward

XRP sits at a decision point. The buy wall at $1.32 to $1.34 is the key level right now. If buyers hold it, the next target is a retest of the resistance cluster between $1.42 and $1.50. A clean break above that zone opens the path to the $1.50 area and potentially higher.

The chart structure supports a move in either direction depending on how the asset’s price behaves at this level over the next several sessions.