XRP touched the higher Fibonacci points and began a dip, which may end near the $2.30 support zone
Crypto V said this pullback is part of the plan and that XRP could rise again after forming support
The chart points to $2.15–$2.40 as the bottom range, with the next breakout level aiming toward $8
XRP has begun a critical pullback phase after reaching significant Fibonacci levels, according to a detailed chart shared by Crypto V. The technical chart indicates XRP may be at its final correction point before initiating a breakout targeting the $8 mark. The chart also shows strong price action around the 0.786 and 0.702 Fibonacci retracement levels, hinting at near-term volatility.
Source: X
The post, shared on July 12, suggests that XRP’s pullback is “already on queue,” aligning with anticipated technical levels. A highlighted circle on the chart marks the start of the rally, while yellow overlays track previous price actions and projected movement. Crypto V warned followers that this pullback could be the last major drop before XRP attempts a move beyond $8.
The key resistance appears around $3.44, while the price currently trades near $2.67, according to the screenshot. Support zones lie at $2.30 and further down at $1.96, reflecting previous market structures and fib levels. The $8 mark remains the upper threshold discussed in multiple analyst projections based on this pattern.
Fibonacci Levels Indicate Strategic Pullback Zones
Crypto V’s chart analysis places critical focus on Fibonacci retracement levels, notably the 0.702, 0.786, and 0.618 levels. The analyst suggests XRP could revisit levels between $2.15 and $2.40, particularly around the 0.702 retracement at $2.29. Further retracement could occur depending on market momentum, although the move may be “slightly deeper or shallower.”
According to the overlaid pattern, the chart includes downward and upward trendlines forming a wedge-like breakout structure. The breakout above this consolidation area aligns with historical technical setups that preceded XRP’s previous rallies. The yellow price path projects a sharp increase post-breakout, peaking near $13 before stabilizing around $5 to $6.
This corrective wave appears to coincide with previous Fibonacci-based support zones, suggesting measured pullbacks rather than a bearish reversal. The 1.618 extension also marks a lower boundary near $1.41, giving traders a reference point for risk management. Overall, the use of Fibonacci tools adds structure to the analyst's projection, grounding the forecast in historical price behavior.
With XRP reacting predictably to these zones, can market confidence sustain long enough to propel it past the $8 barrier?
Analyst Warns Pullback is Final Stop Before Bullish Continuation
In a follow-up post, Crypto V maintained that the market is following a structured path based on retracement cues. “The pullback has already started on queue,” the analyst wrote, noting that “patience is all that is required” moving forward. He previously tweeted on July 10 that followers should not be shaken out by the next pullback, signaling an $8 breakout inbound.
His statement aligns with crowd sentiment expecting XRP to repeat past breakout cycles, particularly under similar technical conditions. However, XRP’s path remains sensitive to broader market liquidity and external macroeconomic developments. Still, the analysis presents a precise roadmap: retrace, consolidate, and then launch toward $8.
A user asked if XRP could drop to around $2.30. Crypto V responded, “It could pull down to 2.15-2.40ish,” backing the estimate with retracement levels. This conversation further validates the chart’s short-term downside targets, but the long-term trajectory remains bullish. Analyst engagement and the technical accuracy of past predictions have increased attention on XRP’s current pattern. The post reached over 12,900 views, showing strong interest in XRP’s technical path and the projected move above $8.
