Key Insights:
- XRP rebounds from $1.36 Fibonacci demand zone and tests $1.50 resistance level.
- Break above $1.50 could open path toward next resistance near $1.80.
- Broader Phase 4 structure projects long-term Fibonacci extension target near $21.5.
XRP trades around $1.45 after a 6.1% gain in the past 24 hours. Over the past seven days, the token has risen 2.5%. Trading volume stands near $2.4 billion. Price recently moved above a descending resistance trendline after rebounding from the first Fibonacci demand zone near $1.36.
Analyst ChartNerd wrote that XRP is “breaking out of resistance after tapping support on its first FIB Demand Zone at $1.36.” The 0.382 Fibonacci level near $1.365 held as support. Buyers reacted at that level and pushed price higher into the current range.
Resistance Cluster Between $1.44 and $1.50
XRP now trades inside a resistance band between $1.44 and $1.50. This zone aligns with the 0.5, 0.618, and 0.786 Fibonacci retracement levels on the chart. Price has tested this range as momentum builds.
ChartNerd stated that “a clean break of $1.50 signals a push to $1.80.” Traders are watching for a firm close above $1.50 to confirm continuation. A breakout above this area would shift focus toward the next resistance near $1.80.
Support Levels Remain in Focus
If price fails to clear $1.50, XRP may revisit lower Fibonacci levels. The demand zone extends from $1.36 down to roughly $1.26. This area served as recent support during the rebound.
The analyst noted that
“rejection between now and then would resort back to FIB Demand targets.”
That creates a clear range for short-term traders as price moves between support and resistance.
Longer-Term Structure Points Higher
Analyst CW referred to a broader multi-cycle pattern divided into four phases. According to that structure, XRP has entered Phase 4 after breaking from a long consolidation pattern. Previous cycles showed strong expansion during this stage.
CW wrote that, “the start signal for the $XRP rally will appear soon” and projected a Fibonacci 6.618 extension near $21.5. For now, price action around $1.50 remains the immediate focus before any larger move unfolds.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
