What to know:
- XRP successfully defended the critical $1.09 Fibonacci support level.
- Traders are closely watching resistance between $1.24 and $1.30.
- A breakout could target $1.65, while rejection risks $0.90.
XRP’s ability to remain above the closely watched $1.09 level has shifted market attention to a new battleground. According to crypto analyst Diana, traders should now focus on the resistance zone between $1.24 and $1.30, where the next major price move could begin.
XRP Faces Critical Test Between $1.24 and $1.30
According to Diana, XRP recently defended the 0.786 Fibonacci retracement level at $1.09, a support zone that traders have tracked for several months. The successful hold prevented a deeper decline and kept hopes of a broader recovery alive.
While many market participants welcomed the defense of support, the analyst argued that the next stage of XRP’s price action carries greater importance. With the $1.09 support level holding firm, resistance levels now stand as the key obstacle that could influence XRP’s next trend.
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Diana identified $1.24 as the immediate resistance level, while $1.30 remains the key breakout point, prompting traders to closely monitor that range for signs of either strength or weakness.
If XRP struggles to move above resistance, the larger corrective structure may remain intact, allowing selling pressure to return and push the asset toward lower support zones. According to Diana, a rejection of around $1.24 could open the door for declines toward $0.90 and potentially $0.86.
Breakout Could Open Path Toward $1.65 and Beyond
Diana believes a different scenario could unfold if buyers reclaim the $1.24 to $1.30 range with strong trading volume. Such a move would weaken the current correction thesis and suggest that bullish momentum is returning.
Moreover, a successful breakout would indicate that buyers have absorbed selling pressure that previously limited XRP’s advance. That development could encourage additional market participation and strengthen confidence in a continued recovery.
According to Diana, the first major upside target under a bullish scenario sits at $1.65, with XRP potentially challenging the $2.00 mark if momentum continues building beyond that level.
Although XRP successfully defended the important $1.09 support level, Diana emphasized that the most important part comes next. The cryptocurrency’s reaction between $1.24 and $1.30 is expected to determine whether XRP moves toward higher targets or revisits lower support levels.
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