The XRP price has experienced a pullback in recent days, dipping from highs near $1.50 to around $1.46 due to the impact of geopolitical tension on crypto markets.
As reported by Reuters, the recent rejection of Iran's response to a US peace proposal by Donald Trump has added pressure to global markets and energy sentiment, weighing on the price of XRP.
Despite this pullback, analysts believe that the cryptocurrency could still break through resistance levels and reclaim its previous highs. ChartNerd, an analyst who has been tracking the market, suggests that a daily breakout is possible, but would require the reclamation of key weekly resistance levels.
The weekly 20 EMA and 50 EMA are currently acting as major macro resistance levels for XRP, with both having been lost and later confirmed as resistance in January 2026. ChartNerd notes that a death cross formed before the earlier drop from $2.40 to $1.11.
For a macro bullish reversal to occur, both EMAs would need to be reclaimed as support. This would require XRP to break through the weekly 20 EMA at $1.58 and the weekly 50 EMA at $1.85.
Until this occurs, ChartNerd suggests that the market should respect the current resistance setup. He also highlights a possible point of contact at $1.80 before a deeper decline, with lower targets near $0.90 and $0.70 if resistance remains firm.