- XRP retraces precisely to $1.33 as predicted earlier
- Fibonacci demand pocket now determines the next major price move
- Analyst outlines $1.30 support and $1.48 upside target
XRP has returned to the $1.33 level, matching a projection previously shared by a widely followed technical analyst. The move follows a breakout from a descending channel that had restricted price action for several sessions. As momentum cooled after the rally, traders anticipated a corrective phase before continuation.
According to ChartNerd on X, XRP was expected to retrace toward $1.33 if a higher low was to form. He stated that this zone should attract a reaction from buyers. Price has now reached that region, placing the asset at a critical technical decision point.
Fibonacci Demand Pocket Becomes Key Reaction Zone
The retracement aligns with the 0.5 and 0.618 Fibonacci levels, often referred to as a demand pocket. Additionally, this area overlaps with former resistance that may now act as support. Such confluence strengthens the importance of the current price zone. Consequently, short-term participants are monitoring price behavior for confirmation.
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The $1.33 region sits within a broader support band extending toward $1.30. According to ChartNerd, if $1.33 fails to hold, the 0.786 Fibonacci level near $1.30 could serve as deeper support. This level represents a potential final defense before the broader structure weakens.
Importantly, XRP remains above the recent swing low near $1.26. As long as that level holds, the higher low thesis remains intact. Therefore, the present reaction will likely determine whether bullish momentum resumes.
Breakout Structure Still Intact Above $1.30
Earlier, XRP broke above a descending channel marked by consistent lower highs. That breakout signaled a shift in short-term structure from bearish to bullish. However, markets often revisit breakout zones before extending higher. The current pullback fits within that continuation pattern.
If buyers defend the $1.33 to $1.30 range, XRP could target $1.42 in the near term. A sustained move may reopen the path toward $1.48. Conversely, a decisive break below $1.30 would weaken the bullish outlook and shift short-term sentiment.
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