As Ripple (XRP) shows a short-term rebound trend, whether it can break above $1.52 is being cited as the key price level that will determine its next direction. Technically, analysts say the crucial factor is whether the 4-hour relative strength index (RSI) can escape its downtrend and form a new upward trajectory.

Breaking and Holding $1.52 Is the First Confirmation Task

MimQueen, an active member of the CoinMarketCap community, recently analyzed XRP's price action, noting that it is necessary to confirm whether the 4-hour RSI breaks out of its downtrend and turns back upward. The RSI is a representative technical indicator that compares the strength of price gains and losses over a certain period; when the RSI improves alongside a price rebound, it is often interpreted as a signal that short-term buying pressure is recovering.

The first price range MimQueen presented is $1.52. If XRP moves above this level and holds its price there, the analysis suggests the coin could go beyond a mere technical rebound and attempt further gains.

Current Price $1.46... $1.52 Is a Resistance Level About 4% Higher

According to CoinMarketCap, XRP is currently trading at around $1.46, up more than 2% over the past 24 hours. Accordingly, $1.52 represents a short-term resistance level about 4% above the current price.

Looking at recent price action, XRP climbed to the $1.52 level on August 23 before undergoing a correction from August 24 to 27, slipping to the low-to-mid $1.40 range. Therefore, recovering $1.52 also carries the significance of moving back above the recent high.

Next Target $1.87 If It Turns Into Support... "Breakout Verification Essential"

MimQueen set $1.87 as the next price target if $1.52 turns into a support zone. However, this is an outlook based on a specific technical analysis and does not mean the price will actually rise to that level.

Some market analyses also suggest it is still too early to conclude that XRP has established a clear uptrend despite the short-term rebound. CoinMarketCap's recent market analysis indicated that if the price holds above $1.30, a retest near $1.50 is possible, while also leaving open the possibility of a correction down to $1.20 if the price falls out of that range.

Ultimately, in the short term, it appears necessary to confirm whether trading volume and technical indicators such as the RSI improve simultaneously, along with a breakout above $1.52. If the price temporarily moves above the resistance level and then falls back, the possibility of a so-called 'false breakout' cannot be ruled out.

[Cryptocurrency is an asset with extremely high price volatility, and technical analyses and market outlooks may unfold differently from actual price movements. Specific price targets or indicators do not guarantee investment returns, and investors should thoroughly assess market conditions and the possibility of losses before making investment decisions. This article is not intended to encourage the purchase or sale of any specific cryptocurrency. This article was written with AI assistance.]