[DigitalToday reporter Yoonseo Lee] XRP has rebounded more than 47 percent over the past seven days and has climbed back to a key resistance line near $1.50.

On Aug. 24 (local time), blockchain media outlet U.Today reported that the market sees whether it can break above this level and hold there as a key variable for entering the next upward phase.

Chart analyst Dom said breaking above resistance above $1.50 is the condition for XRP's next rise. He said a move through that level could make the $1.80 range the next major target. He also said resistance in the higher offer zone is relatively thin, so strong buy volume could test the possibility of a breakout.

Still, $1.50 is a level XRP has failed to surpass repeatedly throughout this year. XRP tried about four times in 2026 to break above and settle at this level, but each time it was quickly blocked by resistance and returned to a downward trend. Dom explained that just before a previous sharp drop, price briefly moved above $1.50 to absorb liquidity but failed to establish itself structurally above it.

Charts also point to the area near $1.50 as a zone where repeated selling pressure has been confirmed. That resistance is marked as having capped gains multiple times in February, March, April and May. Because of that history, this rebound is also being viewed as a level that will determine whether the move is merely a price recovery or leads to a trend reversal.

XRP fell in early August to the lower end of a value zone near $1.00 before staging a sharp V-shaped rebound. The rebound unfolded in an almost vertical rise, and the price quickly retested the upper resistance zone. Recent daily candles showed a long upper wick, which was cited as a sign that buying pushed up into liquidity above $1.50, while profit-taking and resistance also kicked in.

Market attention is now focused on whether it can hold, not just break through. Dom said if buying successfully moves sideways above this barrier and builds support, the $1.80 range becomes the main destination. He described this level as effectively a 'ticket' to the next bull market.

That has increased the likelihood that XRP's short-term direction will be decided near $1.50. The rebound has been large, but pullbacks have repeatedly occurred at the same level in the past, so market participants are watching whether strong buy volume will actually continue and whether price can turn resistance into support this time.

$XRP update Price slowed down where bulls have failed 4+ times this year (~$1.50) We can see, before the last leg down, price briefly broke this level but had failed to hold above$1.80s become a ticket if it succeeds Orderbooks still remain pretty clear, so bullish… pic.twitter.com/l90ChaEbIN