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XRP Price Is Being Squeezed Near $1.60, What Happens Next?

Short-covering and ETF inflows lifted XRP, but $1.60 resistance held as roughly $300 million in forced liquidations faded, analysts said.

  • XRP has failed to hold $1.60 despite touching the level twice in two days, with sellers actively capping gains as the token trades near $1.51. Persistent selling pressure continues to block upside momentum at this significant resistance point.
  • Last week's 16% rally was fueled by $300 million in forced short liquidations rather than organic buying demand. With this short-covering phase concluded, XRP lacks the institutional momentum needed to sustain higher price levels.
  • U.S. spot XRP ETFs attracted just $10 million to $19 million weekly in September, significantly trailing the $28 million influx recorded on August 26. These weak inflows leave the token without institutional fuel to sustain momentum.
  • Investors who bought above $2.75 during August's $1.70 spike are selling into every rally, capping upside potential. Support remains at $1.48, just 2% below current prices, providing a critical floor for the asset.
  • The September 29 XRP Ledger Batch upgrade may encourage buyers to return before the October 1 escrow release. Ripple can release up to 1 billion XRP from escrow on October 1, valued at about $1.5 billion.
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The XRP price rose 26 percent while the market fell. Short closures and ETF inflows are driving the rally, but the continuation beyond $1.61 remains uncertain. The article XRP rally gets support from ETFs, but continuation remains uncertain was written by Gijs Smit and first appeared on Bitcoinmagazine.nl.

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The Cryptonomist broke the news on Wednesday, September 23, 2026.
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