XRP dropped to $1.47 after declining roughly 3%, slipping below the $1.50 level that had served as a key pivot. The breakdown leaves the token facing a near-term test: a recovery above $1.50 could stabilize the price, while continued selling may push XRP toward $1.40-$1.42.

The 200-day EMA is positioned near $1.37 and remains the most important support for the medium-term trend. Losing that level could shift XRP’s structure from bullish to neutral. The token has already posted a series of lower highs since reaching around $1.63 on September 23, while its September 25 attempt to reclaim $1.60 failed.

XRP has since moved lower in a steady sequence, falling from $1.55 to $1.52, then $1.50 and finally $1.47. Rather than a single sharp sell-off, the pattern reflects repeated failures to sustain short-term rebounds as sellers continue to emerge.

The pullback comes after XRP rallied nearly 50% from its August low near $1.00. RSI is currently at 54, placing momentum near neutral and providing little evidence of either an overbought or oversold market. That leaves price levels as the primary technical focus.

Recent market data has also shown spot XRP ETF inflows reaching hundreds of millions of dollars over the past several weeks. Some market trackers have viewed those inflows as evidence of continued institutional accumulation. However, the data does not establish them as the reason for Monday’s decline. The move below $1.50 followed failed attempts to break higher and a gradual reduction in buying support.

The medium-term chart remains constructive as long as XRP stays above its 200-day EMA at $1.37. The indicator has also begun turning higher for the first time since spring, suggesting that the longer-term trend has not yet been invalidated.

XRP’s September advance followed a breakout above a descending trendline that began with the late-August spike toward $1.70. That move helped the token climb to $1.67. A separate descending trendline drawn from the September 23 peak now represents the next resistance area. If the line remains intact, its projected trajectory could point toward $1.20 by mid-November.

$1.50 Reclaim Becomes Critical for XRP

The first level bulls need to recover is $1.50 on a daily closing basis. A successful reclaim could turn the recent move below that level into a temporary breakdown and put $1.55 back in focus. Above $1.55, the $1.60-$1.63 zone becomes the next major resistance area.

If XRP continues to trade below $1.50, attention could shift toward $1.40-$1.42. The 200-day EMA at $1.37 is the more significant medium-term threshold. A sustained close below it could weaken the broader bullish structure and expose XRP to $1.30, followed by $1.20 if the wider crypto market enters a deeper decline.

For the current week, the main technical range is $1.37-$1.60, with $1.50 serving as the central pivot. A decline into $1.40-$1.42 followed by renewed buying would fit the pattern of a correction within an existing uptrend, although confirmation would depend on subsequent price action.

The $1.80-$2.00 region remains a medium-term target while XRP holds above $1.37. A decisive break below that support would put the upside objective under pressure and shift attention toward lower levels.