XRP is now trading around the $1.90 region due to significant withdrawal over the last 30 days. The question now is whether this pullback is a structural weakness or a necessary reset within a broader bullish structure.
A technical analysis shared by Crypto analyst Tara focuses on this very moment, highlighting why the current level could be much more important than it seems at first glance.
XRP Tests Macro Fib Support Zone Around $1.88
According to data from CoinGecko, XRP’s price action over the past 24 hours saw it fall to an intraday low of $1.88. However, technical analysis shows that this move pushed price action towards a major macro support level around $1.88, which is defined by a significant 0.5 Fib macro retracement on the longer-term charts. This area has previously acted as a pivotjust like the rebound on November 21, which sent the price of XRP back to $2.26 in 48 hours.
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The chart included in the analysis, shown below, illustrates several Fibonacci confluences clustered between approximately $1.88 and $1.86, further adding to the idea that this region is structurally significant rather than arbitrary. From a price action perspective, XRP’s current pullback has been orderly, with no hard break below this support yet, and sellers may lose momentum as prices compress at this level.
What a rebound or outage could mean from here on
Tara noted that times like this tend to be the scariest for traders, precisely because price is resting on support rather than moving away from it. These are the points where sentiment is weakest and fear is most visible, even if the risk-reward ratio improves technically.
Therefore, retest the media is not inherently bearish. Instead, repeated tests of support can absorb selling pressure and create conditions for a stronger rebound.
The most important takeaway from the analysis is not that XRP needs to recover immediately, but that the reaction to this level matters more than the level itself. If XRP holds above the $1.88 price level and avoids printing a new decisive low, the structure would favor a bullish continuation.
In this case, the upside targets will be between $2.18 and $2.20. From there, any bullish follow-through could take XRP to $2.31. These are all medium-term price targets which can be achieved before the end of the year.
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Momentum indicators, including the RSI, are already in oversold territory on the 4-hour candlestick chart. This indicator adds to the possibility of a sharp rebound in XRP from the strong support around $1.88. At the time of writing, XRP is trading at $1.90 and is already showing signs of holding above $1.88.
On the other hand, a break below $1.90 to $1.80 would invalidate the current bullish setup and redirect watch out for lower retracement zones.
Featured image from Getty Images, chart from Tradingview.com
