The XRP month-to-month chart stays structurally constructive regardless of final week’s sharp pullback, in accordance with unbiased technician Charting Man (@ChartingGuy), who argues the asset is “NOT bearish within the slightest.” His newest one-month XRP/USD chart on Bitstamp, captured Oct. 14, reveals worth defending a significant Fibonacci help cluster whereas repeatedly probing resistance on the prior all-time excessive.
XRP Bull Run To $26 Nonetheless Doable?
On the present month-to-month candle, XRP is buying and selling at $2.4477 with 17 days and 10 hours left within the interval after printing an open at $2.8467, excessive at $3.1037, and low at $1.5800, down 14.0% month-to-date. The rejection zone is exact: a horizontal line marks the 1.000 Fibonacci retracement at $3.3170, which aligns with the 2018 cycle peak and has capped the final a number of tops in 2025. Just under, the chart features a 0.888 retracement band (roughly $2.96) that has acted as near-term resistance throughout this three-month vary between roughly $2.10–$3.30.
Beneath worth, confluence is constructing on the former breakout shelf from the 2021 surge. A lime-green field highlights the $1.60–$1.80 space, overlapping immediately with the 0.786 retracement at $1.6125 and the highest of the 2021 congestion. This band caught final week’s deep wick to $1.58 and, in prior months, has served as a staging space for rebounds. The subsequent staircase of help beneath is marked by the 0.702 at $1.2149, the 0.618 at $0.9153, and the 0.500 at $0.6149, delineating a transparent hierarchy ought to the market see additional volatility.
Associated Studying
The bullish extension framework in Charting Man’s format is unambiguous. Above the all-time excessive at $3.3170, the chart plots successive Fibonacci enlargement targets at 1.272 = $8.2961, 1.414 = $13.3894, and 1.618 = $26.6304. These ranges map a basic measured-move pathway for a pattern continuation as soon as worth achieves a decisive, high-timeframe shut by the prior peak. In different phrases, the cycle roadmap stays intact as long as the month-to-month construction continues to carry above the 0.786 stack and ultimately flips the ATH into help.
Market Construction Stays Supportive
The analyst {couples} that chart with a broader market learn. “So many [are] caught up in day-to-day worth motion,” he posted on X, including that TOTAL2, TOTAL3, and high altcoins (ETH, XRP, SOL) every “have ONE extra key fib to recover from… their prior ATH. As soon as that occurs with power, altseason actually will get going. BTC.D tanks & shitcoins lastly catch a bid.” In his XRP view, that “yet one more key fib” is the $3.3170 threshold.
Associated Studying
Technically, the setup is binary and well-defined on the month-to-month timeframe: continued protection of $1.60–$1.80 retains the uptrend’s higher-low construction intact, whereas a sustained break and shut above $3.3170 would verify the subsequent leg towards the extension grid at $8.30, $13.39, and—on the cycle’s formidable outer sure—the 1.618 marker close to $26.63. For now, XRP stays range-bound beneath ATH however supported by the identical zone that powered its final breakout, precisely as Charting Man’s chart depicts.
At press time, XRP traded at $2.4655.
Featured picture created with DALL.E, chart from TradingView.com
