- XRP recovered out of the $1.33 Fibonacci demand pocket, with price supported at the $0.618 level at $1.3329.
- The chart shows that, above the price of $1.34, there are several higher lows structures, representing a sustained recovery following the earlier fall just around the price of $1.26.
- XRP is currently nearing the level of resistance of $1.42-1.43 and the next substantial level of resistance is at approximately $1.50.
XRP price increased after a recovery of one of the significant Fibonacci demand zones on the chart. The XRP price rose following a rebound of one of the major Fibonacci demand zones on the chart.
The chart shows a rebound that started at around $1.33, whereby price penetrated a Fibonacci demand pocket. That area includes the 0.618 level at $1.3329 and the 0.5 level at $1.3520. Since then, the market has produced several higher lows while moving toward overhead resistance levels.
Fibonacci Demand Zone Supports Price Recovery
As indicated in the chart, the trend was evidently downwards in the past with the price action steadily decreasing and a red trend line. That decline eventually pushed XRP toward a local bottom near $1.26.
It is important to note that the recovery was accelerated as soon as XRP broke the Fibonacci demand pocket of $1.33. The retesting zone was between $1.3329 and $1.3520 which served as support. The results of every test gave a visible high low on the chart.
These repeated higher lows appear across several sessions. As a result, price gradually shifted into a recovery structure. The green support line near $1.34 now reflects the current support level identified in market data.
Structure Forms After Liquidity Sweep
The chart also marks a BS sweep, which occurred during a sharp upward move earlier in the week. That movement pushed XRP briefly above $1.46 before price pulled back again. Before that rally, price interacted with several notable levels. The chart identifies $1.4308 as a previous reaction point. This level now aligns closely with the $1.43 resistance zone highlighted on the chart.
However, the broader resistance structure extends higher. A larger horizontal barrier appears near $1.50, which also aligns with a marked high around $1.4943. Consequently, the market now approaches the lower boundary of this resistance cluster. XRP recently traded within a 24-hour range approaching $1.42, which sits just below the resistance area.
Key Levels Shaping Today’s Trading Range
The chart structure now focuses on the interaction between $1.34 support and the $1.42–$1.43 resistance zone. XRP currently trades slightly below that resistance level. When the price goes above $1.43, the chart indicates there is open space between the price and the next resistance point around $1.50. That level represents the highest marked barrier on the chart.However, rejection near $1.42 or $1.43 could shift price back toward $1.34 support. A move below that level would bring the $1.33 Fibonacci demand pocket back into focus. Therefore, today’s price movement may develop between $1.34 and $1.43 while the market tests these nearby technical levels.
