- XRP trades near $1.548 as the $1.486 golden zone becomes the key rebound level.
- A golden cross forms with the faster average at $1.4859 above the slower $1.4137 line.
- Week 4 liquidity near $1.62 must break before the $1.6977 Q3 high comes into focus.
XRP’s latest pullback is testing the same area that supported the Week 3 breakout, keeping the weekly structure constructive. The token’s price trades near $1.548 after retreating from the Week 4 high around $1.62.
The key confirmation zone now sits near the 0.618 Fibonacci retracement at $1.486. A bullish reaction there would show buyers defending the prior breakout and increase the chance that late sellers are caught in a failed downside move.
In turn, that response would preserve the broader weekly structure, which remains defined by a liquidity sweep, recovery, retracement, and possible continuation toward external liquidity above the Week 4 high.
Seller Trap Setup Builds as Golden Cross Supports $1.486
The broader sequence began when price swept sell-side liquidity around $1.26 to $1.31 before reversing higher. That recovery reclaimed the former Week 1 high near $1.486 and extended toward the Week 4 high around $1.62.
However, the current decline has returned XRP’s price toward the same breakout area. The chart places the 0.618 Fibonacci retracement near $1.486 and the 0.70 level near $1.46. Together, those levels create a $1.46 to $1.49 support zone.
Source: TradingView
Holding that region would preserve the recovery structure. Nonetheless, if sellers press lower but the price rejects the golden zone, bearish continuation would fail. That failure would leave short-term sellers positioned against renewed upside.
| Technical Level | Role in the Setup |
| $1.548 | Current chart price |
| $1.486 | 0.618 retracement and former Week 1 high |
| $1.46 | 0.70 retracement and deeper support |
| $1.62 | Week 4 high and first external liquidity target |
| $1.6977 | Q3 high and next major upside level |
Golden Cross Reinforces the Weekly Rebound Structure
The moving averages add another technical layer to the same support region. The 50-week MA sits near $1.4859, while the 200-week MA remains around $1.4137. Notably, the faster average has crossed above the slower line, forming a golden cross.
Price also remains above both averages, reinforcing the broader continuation structure. Moreover, the signal carries additional weight, as the 50-week MA sits almost directly on the $1.486 Fibonacci retracement. As a result, that area now combines Fibonacci support with a key long-term moving average.
Meanwhile, derivatives activity shows notable participation around the same price range. CME reported an estimated futures volume of 4,944 contracts on September 23, while prior-day open interest totaled 8,684 contracts. September futures traded between $1.4815 and $1.6595, broadly overlapping the technical range shown on the chart.
Week 4 Liquidity Opens the Path Toward $1.70
The next confirmation would come from a bullish reaction near $1.486 followed by a move back toward $1.62. That sequence would show that the retracement failed to produce a deeper breakdown and redirect attention toward external liquidity above the Week 4 high.
A confirmed break above $1.62 would expose the Q3 high at $1.6977. Clearing that level would place $1.70 directly in focus.
| Scenario | Technical Trigger | Next Level |
| Bullish continuation | Hold $1.46-$1.49 and rebound | $1.62 |
| Breakout extension | Clear the Week 4 high. | $1.6977 |
| Failure case | Sustain below $1.46. | $1.414 area |
Bottom Line
The weekly structure remains constructive while the $1.46 to $1.49 zone holds. A bullish reaction from $1.486 would strengthen the seller-trap thesis and support the golden-cross signal. In such a scenario, the first upside test remains the Week 4 high near $1.62. A confirmed break would further expose $1.6977 and bring $1.70 into focus.
FAQs
The main support area sits between $1.46 and $1.49, with the 0.618 Fibonacci level near $1.486 providing confirmation.
A rejection from the golden zone followed by a renewed move toward $1.62 would show that the retracement failed to extend lower.
The Week 4 high around $1.62 is the first target. A confirmed break would expose the $1.6977 Q3 high.
Sustained acceptance below roughly $1.46 would weaken the continuation structure and bring the slower-moving average near $1.414 into focus.
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