XRP Lost $1.50—Now One Line Could Decide $2 or the $1.30s

XRP fell 5% to about $1.40, slipping below the former $1.50 support, according to a source article last updated Oct. 8, 2026. That piece says XRP had been boxed into a $1.46–$1.56 range before breaking lower. It adds that a path toward $1.80–$2 may open if key resistance is reclaimed and held.

The line in the sand

In a post on Oct. 6, the analyst @ChartNerdTA wrote that “SOMETHING HAS TO GIVE,” highlighting the “50 week EMA defence wall” and lower time frame chop as XRP grinds through Q4. The source article similarly frames the 50‑week EMA as a broader dividing line, saying multiple weekly closes above it would strengthen the continuation case.

Key levels the source flags

The source analysis lists $1.50 as the immediate hurdle, followed by resistance at $1.53–$1.56. It states that a four‑hour close above $1.53 could open a move toward $1.62. A push through $1.60, it adds, would improve the odds of testing $1.80–$2. On the downside, a decisive loss of $1.40 could expose the low $1.30s or lower.

Market crosscurrents

The same write‑up says broader selling has outweighed reported crypto ETF inflows of roughly $3.14 million. It also cites uncertainty over Evernorth’s possible Nasdaq debut as a catalyst with unsettled timing. No further details were provided in the source.

Scenarios, per the source

• Bull case: reclaim $1.53, then clear $1.60; a stretch toward $1.80–$2 becomes plausible (not guaranteed).

• Base case: consolidation around $1.40–$1.56 while traders wait for a catalyst.

• Bear case: a firm break below $1.40 puts the low $1.30s in view.

The article argues this is a breakdown attempting to base, and says risk management matters more than chasing a distant $2 target.

What else the source mentions

The piece references several promotions and tokens without independent verification: an EdgeX offer to “Earn $50 and Enter $300K Prize Draw,” a Bybit promo with a “$1,000 USDT Airdrop,” and Maxi Doge, described as an Ethereum ERC‑20 meme token with trading‑community competitions, a presale price of $0.0002842, about $4.8 million raised, and staking at 60% APY available only to current‑round buyers. It also mentions holder‑only competitions with leaderboard rewards and a Maxi Fund treasury for liquidity and partnerships. Readers are urged in the source to research Maxi Doge before the funding round ends.