XRP forms Gartley near $1.30 — possible bullish bottom if $1.20 holds
XRP is developing a Gartley harmonic pattern near $1.30 after prolonged rotation between $1.80 resistance and $1.20 support. Price recently rejected the 0.618 Fibonacci retracement and is completing internal swings (X-A-B-C), which may precede an impulsive leg D. Analysts say maintaining support above $1.20 is the invalidation point; hold above that and the Gartley setup remains valid. If leg C completes and leg D unfolds, harmonic measurements project up to ~60% upside toward resistance near $1.80 (and potentially higher) without requiring an immediate breakout. Traders should watch for sustained higher lows, rising volume, and respect of Fibonacci zones as momentum confirmation. Key SEO keywords: XRP price, Gartley pattern, Fibonacci 0.618, $1.30 support, $1.20 invalidation, leg D target.
Bullish
The article describes a developing Gartley harmonic pattern for XRP near $1.30, supported by price rejection at the 0.618 Fibonacci level and multiple clean pivot points. Harmonic patterns like Gartley are explicitly bullish if the structure completes and the key invalidation level (here $1.20) holds. The projected reward — roughly 60% to the D-leg target — represents a meaningful upside within the existing range toward $1.80. Short-term implications: traders may see a bounce or relief rally if leg C completes and buyers defend $1.20; momentum will be confirmed by higher lows, rising volume, and respect for Fibonacci zones. Stop-losses below $1.20 would be prudent to manage risk. Long-term implications: if the pattern fails and price closes below $1.20, the bullish case collapses and a deeper correction is likely, negating the Gartley thesis. Historical parallel: similar harmonic-driven recoveries have produced sharp short-to-medium-term rallies when key Fibonacci support held (e.g., past altcoin Gartley completions), but they can also quickly reverse if invalidation occurs. Overall, the setup favors a bullish trade plan contingent on strict risk management and technical confirmation.