XRP at $1.29 — $1.30–$1.05 Fibonacci Zone to Decide Next Move
XRP trades around $1.29 as traders focus on a crucial Fibonacci demand zone between $1.30 and $1.05. The daily trend remains bearish following a peak above $3.00 in early 2025, with lower highs and lower lows and momentum indicators (MACD) in negative territory. Immediate resistance sits at the 0.236 Fibonacci level near $1.36; a daily close above $1.36 would reduce short-term bearish pressure. The $1.30–$1.05 band contains the 0.382 ($1.02), 0.5 (~$0.86) and 0.618 (~$0.68) retracement levels. Holding above this zone could validate a recovery toward higher resistances; a daily close below $1.25 raises the risk of a drop to $1.02, while losing $1.00 would target $0.80–$0.70. Volume during the recent decline has been elevated, indicating active selling. Traders should watch candle structure, volume and the $1.36/$1.25/$1.02 levels for confirmation of either recovery or deeper correction.
Bearish
The article signals a bearish bias for XRP. Price structure shows lower highs and lower lows since the 2025 peak above $3, MACD remains negative, and recent daily closes were red with elevated selling volume — all classic indicators of downside pressure. Immediate resistance at $1.36 (0.236 Fib) has not been reclaimed; the price currently sits at the upper edge of a critical demand band ($1.30–$1.05). Failure to hold that band — especially a daily close below $1.25 or a break under the $1 psychological level — would likely trigger further selling toward 0.5 and 0.618 retracement targets near $0.86–$0.68. Historically, assets that lose key Fibonacci support after a parabolic run tend to undergo extended corrective phases before reclaiming highs. Short-term implications: higher probability of further drops or range-bound trading until clear support is confirmed; traders should tighten stops, reduce leverage, or look for short opportunities on failed retests. Long-term implications: if the $1.30–$1.05 band holds and macro lows form, this could set the base for a gradual recovery, but reclaiming higher fib levels (above $1.36 and beyond) is required to shift the outlook back to neutral or bullish.