- The Support: XRP is defending the critical $2.04 level, which aligns with the Macro 0.5 Fibonacci retracement, a key algorithmic buy zone.
- The Resistance: Upside momentum remains capped by a supply block between $2.41 and $2.65; a breakout here is required to target $2.80.
- The Risk: A sustained close below $2.04 exposes the Golden Pocket (0.618 Fib) near $1.64, as trading volume declines by 10%.
XRP price is going through a consolidation phase, with price action compressing tightly around the $2.05 handle. Technical desks are closely monitoring the asset’s reaction to the Macro 0.5 Fibonacci region ($2.04), a level that has served as a key reference point for the current market structure.
Related: Analysts Track XRP Bear Pressure Fading As Rebound Signals Build Across Multiple Timeframe
The Fibonacci Battlefield: $2.04 vs. $2.41
While the reaction at the 0.5 Fib has provided temporary stabilization, momentum oscillators remain neutral. Chart data indicates that the asset is trapped in a choppy range, fluctuating between the $2.04 support and overhead resistance.
According to technical analyst CasiTrades, the invalidation point for the bullish thesis is clear. XRP must reclaim the $2.41 level to confirm a structural shift, with a secondary confirmation required at $2.65.
According to the structural outlines, a drop below the $2.04 zone would expose XRP to deeper retracement levels, including possible moves toward $1.73 and $1.64, aligning with the 0.618 macro Fibonacci marker highlighted in the analysis.
XRP Bear Case: Targeting the ‘Golden Pocket’
The chart displays two separate technical paths. The primary wave count suggests that XRP may have completed a corrective segment and could advance toward the $2.60–$2.80 area if resistance levels are broken.
Fibonacci extension markers at 1.618 and 2.618 act as reference levels for this projection.
A second structure suggests that failure to defend the $2.00 region could lead to a move toward the $1.78–$1.82 support zone. Additionally, a decline could also reset the $1.62 zone, which aligns with extended retracement targets noted in the visual analysis.
XRP Volume Analysis: Liquidity Recedes by 10%
At the time of writing, XRP was trading at $2.05 after a 1.54% daily decrease. The trading volume was recorded $2.75 billion, down by 10% over the past 24 hours, while the market capitalization is shown at $124.21 billion.
Supply data shows 99.98 billion XRP in circulation out of a maximum 100 billion, with nearly 492,000 holders, indicating consistent distribution despite the decline in activity.
Related: XRP Price Prediction: Selling Pressure Builds As XRP Tests $2 Support Zone
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