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Ripple Price Analysis: XRP Must Reclaim This Key Level to Restart the Rally | Ripple XRPUSD

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Ripple Price Analysis: XRP Must Reclaim This Key Level to Restart the Rally | Ripple XRPUSD
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XRP is rebounding toward $1.32 after holding the $1.26 support level for the second time in October, but it remains below the $1.34 Fibonacci resistance and the ceiling of a short-term descending channel. Analysts say a breakout from that zone could strengthen the near-term structure, while rejection would leave sellers in control following a failed move above $1.40 on Oct. 21. On the daily chart, the price is described as correcting an August rally that ran from $0.99 to $1.70, with the decline pushing XRP below the 0.5 Fibonacci retracement near $1.34. That level is now acting as resistance.

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