XRP
XRP Rebounds 16% in a Week but Struggles Below $1.60 Resistance
Despite a double-digit weekly gain, XRP continues to face heavy selling pressure that keeps its price below the $1.60 threshold.
XRP gained 15.8% over the seven-day period ending September 23, 2026, outperforming Bitcoin and Ethereum over the same timeframe. However, the token traded at $1.51 on September 24, remaining roughly 6% below the $1.60 level after failing to sustain intraday breakouts above that mark on two consecutive trading days.
The price run began from a low around $1.25 on September 16, accelerated by a short squeeze on September 21. XRP touched $1.61 on September 22 before closing at $1.57, and reached $1.66 on September 23 before pulling back to finish near $1.50. Market analysis points to persistent sell orders around round-number milestones and resistance from traders who bought during an earlier spike to $1.70 on August 22, as well as older holders looking to reduce historical losses.
While XRP's weekly gain was pronounced, its performance over the broader month stood at a muted 0.4% advance. The asset remains down approximately 14% year-to-date and 44% over the prior 12-month period, reflecting broader overhead selling pressure despite short-term rebounds.
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