XRP Stops at $1.70 After 60% Weekly Gain: Key Levels Now
XRP almost cleared $1.70 after rising 60% in a week. The daily chart shows the token reaching $1.69 before slipping back toward $1.55, where a May swing high now comes into play.
The failed first push does not settle the question at $1.70. It moves the focus lower. If XRP can make $1.55 behave like support, a return to the January level will carry more weight than the first spike into it.
$1.70 stopped the first charge
Late January was the last time XRP traded around $1.70 before the much deeper decline that followed in February. That history gives the level more significance than an arbitrary round number.
XRP has returned there after recovering above its 50-day ($1.09), 100-day ($1.15) and 200-day ($1.27) moving averages. Those levels confirm that the broader price structure has improved, but they are now far below the immediate battle.
The first encounter with $1.70 ended just below the line. XRP’s daily RSI reached 87.52, a reading that captures how quickly buyers pushed the market higher. A pause after such a move would be normal. What matters is where that pause finds support.
The May high is now under pressure
The area around $1.55 overlaps with a swing high from May. Until now, that price sat above XRP as a ceiling. Its role changes only if the market can revisit it, absorb selling and close back above it.
That does not require XRP to move in a straight line. A brief dip beneath $1.55 would not erase the setup by itself. The stronger signal would be price stabilising in the area and recovering by the daily close, showing that buyers are willing to defend the higher range.
Failure to do so would leave the move to $1.70 looking like a sharp rejection from old resistance. In that case, the chart would still show an impressive rally, but not yet a confirmed breakout.
There is real demand behind the move, but futures still set the pace
CoinGlass listed $5.51 billion in XRP spot volume over 24 hours, alongside $20.60 billion in futures turnover. The spot figure matters: this has not been a rally produced only by a short squeeze or derivatives traders passing contracts between themselves.
Futures activity is still roughly 3.7 times larger than spot volume. That imbalance does not invalidate the move, but it does make the price more sensitive to changes in positioning. A market led by perpetual contracts can rise quickly, and give back ground just as quickly when leverage turns.
Open interest stood at $3.87 billion, while $125.59 million in XRP futures positions were liquidated over the same 24-hour period. Those figures fit the character of the rally: large participation, fast turnover and little room for traders caught on the wrong side.
What would make a second attempt different
A return to $1.70 becomes more convincing if XRP can spend time around $1.55 without attracting another aggressive buildup in open interest. Price holding steady while leverage cools would suggest that the market is clearing late entries rather than losing underlying demand.
Spot activity also needs to remain present. The current $5.51 billion in cash-market volume gives the rally a stronger base than a purely futures-driven surge. If that interest remains firm while XRP moves back toward $1.70, buyers would be approaching the level with more than momentum behind them.
Funding is the final part of the picture. Rapidly rising positive funding combined with expanding open interest would show traders crowding into longs before the breakout has happened. A more restrained funding market would leave XRP less exposed to a sudden flush when it meets resistance again.
The actual break requires a daily close above $1.70, followed by a return to the level that does not immediately fail. Until then, the market has tested the January ceiling; it has not taken it.
Make $1.55 boring, then revisit $1.70
XRP does not need another vertical candle to keep this recovery alive. It needs to turn the May high into an uneventful support area, with buyers absorbing a retest and derivatives positioning becoming less frantic.
That would change the character of the next move toward $1.70. Without it, the first rejection remains the more important signal. With it, XRP would have a cleaner base beneath the level that stopped the rally this week.
The article is provided for informational purposes only and does not constitute investment advice.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
