We found that XRP is currently trading around $1.90 Due to a major setback Last 30 days. The question is whether this pullback is a structural weakness or a necessary reset within a larger bullish structure.
a Technical analysis shared by Cryptocurrency analyst Tara focuses on this very moment and highlights why current levels may be much more significant than it appears on the surface.
XRP Tests Macro Fib Support Zone Around $1.88
According to data from CoinGecko, XRP price movement over the past 24 hours saw it fall to an intraday low of $1.88. However, technical analysis shows that this move has pushed the price movement towards the key macro support level around $1.88, which is defined by the key macro 0.5 fib retracement on the higher time frame chart. This zone has Previously served as a pivotsimilar to the rebound on November 21st, XRP price returned to $2.26 within 48 hours.
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The chart included in the analysis below shows multiple Fibonacci confluences clustered between approximately $1.88 and $1.86, further reinforcing the idea that this region is structurally important rather than arbitrary. From a price trend perspective, XRP’s current decline is orderly, with no sharp decline below this support at the moment, and sellers may be losing momentum as price compresses to this level.
What does a rebound or breakdown mean from here?
Tara pointed out that moments like this tend to be the scariest for traders, precisely because the price is staying at support rather than moving away from it. These are the points where sentiment is weakest and fear is most evident, even though the risk reward is technically improving.
Therefore, reexamination support is It’s not inherently bearish. Instead, repeated support tests can absorb selling pressure and create conditions for a stronger rebound.
The most important takeaway from this analysis is not that XRP must rise immediately, but that the reaction at this level is more important than the level itself. If XRP sustains above the $1.88 price level and avoids a definitive new low, the structure will favor a bullish continuation.
In this case, the upside price target would be between $2.18 and $2.20. If there is a bullish follow-through from here, XRP could rise to $2.31. These are all medium-term stock price targets it can be achieved by the end This year.
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Momentum indicators, including the RSI, are already in oversold territory on the 4-hour candlestick chart. This indicator increases the chances of XRP rebounding cleanly from the strong support near $1.88. As of this writing, XRP is trading at $1.90 and is already showing signs of breaking above $1.88.
On the other hand, a break below $1.90 to $1.80 will invalidate and redirect the current bullish setup. Note the bottom retracement area.
Featured image from Getty Images, chart from Tradingview.com
