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XRP Price Action: Can Bulls Reclaim $2.41 Before the Bears Strike?
By
Coin Edition
23 days ago
READ
XRP
PCKT
CIN
- The Support: XRP is defending the critical $2.04 level, which aligns with the Macro 0.5 Fibonacci retracement, a key algorithmic buy zone.
- The Resistance: Upside momentum remains capped by a supply block between $2.41 and $2.65; a breakout here is required to target $2.80.
- The Risk: A sustained close below $2.04 exposes the Golden Pocket (0.618 Fib) near $1.64, as trading volume declines by 10%.
XRP price is going through a consolidation phase, with price action compressing tightly around the $2.05 handle. Technical desks are closely monitoring the asset’s reaction to the Macro 0.5 Fibonacci region ($2.04), a level that has served as a key reference point for the current market structure.
Related: Analysts Track XRP Bear Pressure Fading As Rebound Signals Build Across Multiple Timeframe
The Fibonacci Battlefield: $2.04 vs. $2.41
While the reaction at the 0.5 …
Read The Full Article XRP Price Action: Can Bulls Reclaim $2.41 Before the Bears Strike? On Coin Edition.
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