XRP Price Forms Potential Gartley Pattern Near $1.30 Support
- Technical Structure Formation: XRP price is forming a potential Gartley harmonic pattern near the $1.30 support, indicating a transition into a pattern-driven consolidation phase after weeks of rotational trading, which could precede a larger directional move.
- Fibonacci Reaction: The latest corrective move saw XRP reject the 0.618 Fibonacci retracement, an important technical reaction that supports the formation of the Gartley pattern, suggesting active market participant responses to key technical levels.
- Critical Support Level: For the Gartley pattern to remain valid, XRP must hold above the $1.20 high-timeframe support; a drop below this level would weaken the harmonic structure and increase the likelihood of a deeper corrective move.
- Potential Upside Space: If XRP successfully completes leg C and establishes support in the current technical region, a rally of approximately 60% could occur, potentially revisiting resistance areas closer to $1.80, reflecting positive changes in market psychology.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.931 | 1.129 | 1.276 | 1.474 | 1.62 | 1.818 | 1.964 |
| Fibonacci | 1.129 | 1.261 | 1.342 | 1.474 | 1.605 | 1.686 | 1.818 |
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