XRP price pulls back into key Fibonacci support near $1.80, raising the probability of a short-term reversal if buyers can defend the level. XRP pulls back into strong Fibonacci support at $1.80. XRP price is approaching a technically significant inflection point as price consolidates around the $1.80 region, where a local 0.618 Fibonacci retracement aligns with higher-time-frame support. While confirmation is still required, the current structure suggests the early stages of a potential reversal, with upside targets emerging if key levels are reclaimed.
The current XRP pullback appears corrective rather than impulsive, with the price retracing into the 0.618 Fibonacci pocket after failing to extend higher. Importantly, the $1.80 level carries added weight beyond Fibonacci confluence. It sits above a higher-time-frame support zone, meaning that buyers defending this area would be doing so from a structurally favorable location. As long as price holds this region on a local time frame, the probability of a rotation toward higher resistance increases.
From a market-auction perspective, XRP is attempting to transition from low acceptance back to value. For the bullish thesis to gain traction, price must reclaim the Value Area Low (VAL) and hold above it on a closing basis. The first major upside checkpoint sits at $1.98, a level that represents both local resistance and a key volume reference. A clean reclaim of this region suggests that buyers are regaining control, opening the door to a continuation move toward $2.21, where higher-time-frame resistance is positioned.
A break above $2.21 would carry broader implications, as it would likely confirm a change in market structure from corrective to bullish. Reversals that lead to sustained trends are typically accompanied by increasing volume, signaling strong participation and conviction. A low-volume bounce, by contrast, would increase the risk of rejection near resistance and a continuation of range-bound or corrective price action. From a price-action perspective, the structure is constructive but unconfirmed.
Holding above $1.80 is necessary to maintain the bullish setup. A decisive loss of this level would invalidate the reversal thesis and shift focus back toward deeper support, even as Ripple’s European payments push mirrors Arc Miner’s revenue approach, underscoring the gap between improving fundamentals and near-term technical confirmation. If XRP holds the $1.80 Fibonacci support and reclaims the Value Area Low on a closing basis, a rotation toward $1.98 and potentially $2.21 becomes increasingly likely. Failure to hold support would delay reversal confirmation and keep the price in a corrective or range-bound phase.
Leave a Reply