The current price of XRP is at 2.02 with a 2.4% drop over 24 hours.
The chart demonstrates a principal Fibonacci golden pocket of 1.95-1.92.
There is resistance at 2.07, which has capped positive movement in the short run.
XRP's price action has of late honored a significant area after retracing to the much-observed "golden pocket" region. At $2.02, the asset fell by 2.4% in the last 24 hours. The action has XRP on the verge of a significant Fibonacci support zone closely monitored by traders for potential short-term reactions. The fall is within a general context of indecision where the price cannot hold above middle-range levels.
Price Action Revisits Key Retracement Levels
The chart shows XRP steeply declining from the top in May, with several efforts to rebound to higher prices failing. Most importantly, the latest decline puts the price firmly into the 0.618–0.65 Fibonacci area, which is between $1.95 and $1.92. Technical traders accept this area as a reaction point. Such interaction at the current support point could determine the short-term trend.
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However, buyers have not shown strong momentum so far. Although there is bounce off of this pocket, there is not much favor around up, which signifies a cautious attitude throughout the market. Within this range price movements have led to a proliferation of intraday volatility, with trends hard to establish long enough.
Resistance Stalls Upside Attempts
Upside remains capped at the $2.07 level, which acts as the nearest visible resistance. This level sits just above the 0.5 Fibonacci retracement, currently at $2.08. Prior attempts to break past this barrier have met with consistent rejection. Each failure has added pressure on support zones, forcing XRP back toward the lower bands of its current range.
Notably, there has been a slight rebound from the golden pocket, though sellers continue to dominate the short-term structure. The inability to close above key resistance adds further constraints to upside recovery efforts.
Market Structure Holds Near Support Levels
XRP’s support structure continues to center around $1.92, aligning with the 0.65 retracement mark. . This zone has soaked up recent downward momentum which is an indicator that it remains potentially relevant in this context.
The $1.92-$1.95 range has been holding, so far, with the force of downward pressure, which has contributed to stabilizing the short-term structure of XRP. Resistance at $2.07 continues to stall advances, and the support zone will likely remain critical as traders monitor next moves.
