Overview
- XRP traded near $1.92 after reclaiming the 0.5 Fibonacci retracement at about $1.88, while buyers continue to defend higher‑time‑frame support around $1.74.
- The 21‑month exponential moving average is flagged as a macro decision zone, with historical closes above it preceding rallies and failures often leading to deeper corrections.
- Short‑term structure shows an ascending triangle on the 4‑hour chart, with analysts stressing that any breakout requires volume confirmation to avoid a false move.
- Technical watchers point to specific triggers for a bullish shift, including a retest and hold of $1.88, reclaiming the point of control and strength into the value area high toward reference levels such as $2.30.
- Later analysis notes a first close below the 200‑day moving average in over 400 days and a tight $1.85–$1.88 range, with some identifying $1.45, $1.10 and $0.69 as potential supports if breakdown risks grow, especially following a recent $1 billion token unlock.