XRP Rises 16% in a Week but Remains Below $1.60. What Will It Take to Reclaim That Level?
XRP has touched $1.60 twice in two days and failed to hold it both times, with sellers piling in at every peak. The path back above that level depends on one specific condition that the market has not yet delivered.
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XRP (CRYPTO:XRP) rose 15.8% in the week leading up to September 23, 2026. As of September 24, it traded at $1.51—about 6% below the critical $1.60 mark. Though XRP surged above $1.60 on two consecutive trading days, it ultimately closed below that level each time, meaning it has not yet successfully reclaimed $1.60.
Traders Set Sell Orders at Round Numbers Like $1.60
Traders often set their targets and alerts around round numbers, which is why $1.60 has become a significant resistance level for XRP. The cryptocurrency has hit $1.60 twice but has been unable to hold it. So, what does XRP need to do to break through $1.60 and keep going?
XRP Hit $1.60 on September 22 and 23 but Closed Below Each Day
XRP began its upward trend from a low of around $1.25 on September 16. The price experienced a short squeeze on September 21, where traders expecting a drop were forced to buy back their positions, pushing XRP to a high of $1.61 on September 22. However, it closed at $1.57 that day.
On September 23, XRP peaked at $1.66 before falling to a low of $1.48 and eventually closing near $1.50. Currently trading at $1.51, XRP is roughly 9% lower than its September 23 high.
The closing price—the price at which trading ends—indicates where buy and sell orders settled. With two peaks above $1.60 followed by two closes below it, sellers are clearly in control.
Buyers From XRP’s August 22 Spike to $1.70 Sell Into Every Rally
The sellers are primarily coming from buyers who purchased XRP during its spike to $1.70 on August 22. On that day, XRP closed at $1.46, meaning many traders who bought in that range are still looking to sell as prices approach their purchase levels. This selling pressure limits any significant upward movement.
Additionally, older holders who bought XRP above $2.75 are also eager to sell on any bounce, hoping to reduce their losses.
XRP’s Strong Week Outshines Bitcoin but Monthly Performance Remains Flat
XRP’s impressive 15.8% rise outperformed Bitcoin’s 10.4% and Ethereum’s 10.2% over the same period. Yet over the past month, XRP has climbed only 0.4%—down about 14% for the year and about 44% over the last 12 months. This week’s gains are more of a short-term bounce than a sign of a new upward trend.
The usual support for sustaining rallies has also weakened. U.S. spot XRP ETFs, which own about 1.7% of all XRP, have seen inflows of just $10 million to $19 million a week in September, far below the $28 million influx on August 26 alone.
What Will It Take for XRP to Reclaim $1.60?
To successfully reclaim $1.60, XRP needs to close above this price on multiple days. This can only happen if buyers are strong enough to absorb the selling pressure from those who bought in August. This requires more consistent demand than what we’ve seen in September, with multiple days of inflows like those on August 26.
Currently, XRP is trading below $1.60, roughly 6% above its current level, while support lies at $1.48—the low from September 23—only 2% below the current price. If XRP closes below $1.48, it risks another drop toward the September 16 low of $1.25. However, if it closes above $1.60 on two different days, the next significant hurdle will be $1.70, the peak from the August 22 spike.
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Sam Daodu is a crypto analyst who's spent nearly a decade making blockchain understandable—no easy task when most whitepapers read like fever dreams. He writes for 24/7 Wall St., covering Bitcoin, altcoins, and crypto market analysis for investors. Before crypto, he was a tech writer (back when explaining "the cloud" was peak innovation). Since 2018, he's written for CoinTelegraph, Yahoo Finance, The Block, Cryptonews, Zypto, Rain, and more—basically anywhere people want crypto news without the headache. Sam runs MacLabs Marketing, a content agency for crypto brands tired of sounding like AI wrote their website. He also publishes free crypto education on his site for Web3 enthusiasts who think "gas fees" is a typo. When he's not writing or staring at charts, Sam's either: - Watching anime (currently convinced One Piece has better tokenomics than most altcoins) - At the gym sculpting himself into a Greek god - Listening to the music your mum warned you only bad boys listen to Connect: LinkedIn | Email | MacLabs Marketing
