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XRP’s latest drop has broken the short-term structure that kept another run toward $1.65 on the table. Traders are now watching a ladder of support levels below, and the August low near $0.98 matters most.
What Broke
XRP trades around $1.40, according to CoinMarketCap. It fell as low as $1.3175 during a four-hour selloff before recovering part of the loss. The bounce has moved price off the low but hasn’t repaired the damage.
For several weeks, XRP consolidated beneath a resistance band running from roughly $1.53 to $1.65. A smaller triangle formed under that band, and price broke below it and accelerated lower. The four-hour RSI fell into deeply oversold territory during the move, a sign of how fast bearish momentum built.
On any recovery, the chart’s Fibonacci levels put the first significant resistance at $1.5315. Above that, the stronger ceiling sits between about $1.6363 and $1.6432. A bounce from $1.32 won’t be enough. Buyers have to reclaim $1.53 before the $1.64 to $1.65 region matters again.
First Support: $1.26 to $1.24
The first major downside zone spans about $1.2604 to $1.2377, where the 0.618 and 0.65 retracement levels overlap. From $1.40, a drop to $1.26 would be roughly 10%. Holding this zone would keep a higher low above the August bottom, leaving room to read the recent advance as the start of a larger recovery. A break would expose the next cluster near $1.08 to $1.10.
Second Test: $1.10
Another concentrated support area sits near $1.085 to $1.0925. A retest of $1.10 from $1.40 would mean a decline of about 21%. XRP could still preserve the broader recovery there, as long as buyers keep price from returning below the summer low.
Also Read: ODL Volume Jumps 41% to $1.3B, and Ripple Has a Built-In Fix for Failed Payments
$0.98: The Line in the Sand
The larger structure was built from the August bottom near $0.98. A new low below it would erase the higher-low sequence and badly weaken the bullish case. If $0.98 fails, the $0.86 to $0.87 support band comes into focus.
What to Watch
The order is clear: $1.53 on the upside, then $1.26 to $1.24, $1.10 and $0.98 on the downside. Technical levels are reference points, not guarantees, and oversold readings can persist as prices fall further.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
