XRP slips toward $1.50 as selling pressure builds

XRP extended losses below $1.60 after failing to hold above $1.80, putting the $1.50 support level under renewed pressure.

The token is down about 15% from recent highs and is trading below the 100-hour moving average, signalling weakening short-term momentum.

Data from Kraken shows a bearish trend line forming near $1.65, with XRP struggling to recover after dipping to a recent low around $1.50.

If XRP remains capped below $1.60 and $1.65, further downside could see price retest support near $1.54 and $1.515.

A sustained break below $1.50 would expose deeper losses toward $1.46 and potentially $1.42, where buyers may attempt to stabilise price.

On the upside, a close above $1.65 could allow a rebound toward $1.72 and $1.77, though momentum indicators remain weak.

Technical signals continue to favour sellers, with the hourly RSI below 50 and the MACD gaining strength in bearish territory.

At the time of reporting, XRP price was $1.56.