XRP Price Stalls Near $1.93 After Sharp Recovery

Edgen Crypto

·Feb 09 2026, 04:52

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Key Takeaways

XRP experienced a significant price recovery on February 8, 2026, rising above $1.50 before meeting strong resistance. The asset is now consolidating, with its next major price move dependent on breaking key technical levels.

Price Recovery: XRP initiated a recovery wave, pushing its price above the $1.50 mark.
Resistance Met: The upward move was halted near $1.9250, a key resistance level where selling pressure emerged.
Market Consolidation: The price is now in a consolidation pattern, indicating a potential for either a bullish breakout above $1.9250 or a correction if support at $1.50 fails.

XRP Rebounds Above $1.50 Before Hitting Resistance

On February 8, 2026, XRP demonstrated significant volatility as its price initiated a recovery wave, climbing above the $1.50 support level. The upward momentum carried the asset to a peak near $1.9250, marking a notable but short-lived rally. This price action attracted trader attention but ultimately failed to sustain its trajectory as sellers stepped in at the higher valuation, preventing a clean breakout.

Price Consolidates as $1.9250 Holds as Key Barrier

Following the rejection at $1.9250, XRP entered a consolidation phase, trading in a range defined by its recent peak and the $1.50 support. This period of sideways movement indicates market uncertainty as traders weigh the next directional move. A decisive break above the $1.9250 resistance is required to signal renewed bullish momentum. Conversely, failure to maintain support at $1.50 could trigger a price correction as traders who bought at lower levels begin to take profits.