Alex Dudov
⬤ XRP has bounced back after its latest drop and is now testing an important technical zone. The crypto is pushing toward the 0.5 Fibonacci retracement level, and all eyes are on whether it can push through the resistance overhead and reclaim higher ground.
⬤ Looking at the chart, XRP is recovering nicely from the recent selloff and climbing back toward the middle of its previous range. This retracement is what you'd typically expect during a corrective bounce, but it doesn't necessarily mean the trend has flipped yet. The market's still in recovery mode, and price action remains below the key resistance that matters.
⬤ The level everyone's watching is $1.65. If XRP breaks above that resistance cleanly, it would signal the bottom is in and the correction is done. Until that happens, what we're seeing is just a rebound within a larger bearish structure—not a confirmed reversal.
⬤ How XRP behaves at $1.65 will decide what comes next. Getting accepted above that line would change the market structure entirely, while getting rejected would keep things stuck in consolidation mode after the recent decline.
Alex Dudov
