Analyst: XRP Shows Reaccumulation, Not Bearish — Support Holds at Golden Pocket
Technical analyst Charting Guy says XRP is “still NOT bearish,” citing weekly price action that shows the token building support at a prior cycle high and the top of the Fibonacci golden pocket (around the 0.786 level). XRP has tested but not broken below this zone, which previously acted as resistance and now serves as support. The monthly RSI has lost momentum through 2025, but price has remained range-bound — a pattern Charting Guy reads as a textbook reaccumulation (momentum reset with buyers defending the range). If these support levels hold and momentum returns, the setup could allow a stronger bullish move. The piece notes this is analysis, not financial advice.
Bullish
The article presents a technical-structure bullish case: price holding above a prior cycle high and the 0.786 Fibonacci golden pocket signals a shift from resistance to support, which is a constructive market structure. The prolonged RSI decline alongside stable price suggests a momentum reset/reaccumulation rather than distribution; historically, similar patterns (momentum cooling while range holds above key fib levels) often precede continuation rallies when momentum returns. Short-term, the news is neutral-to-mildly bullish — traders may expect limited volatility while the range holds and could position for a breakout if momentum indicators improve. Long-term, if buyers consistently defend these levels and macro/liquidity conditions remain favorable, the setup increases the probability of a trend continuation to the upside. Risk: failure to hold the 0.786 support would invalidate the bullish structure and turn sentiment quickly bearish, so stop-location discipline around that fib level is critical.