XRP price is holding a critical Fibonacci support zone near $1.74, where bullish accumulation is emerging and raising the probability of a structural rebound.
Summary
- XRP is holding high-time-frame support at the 0.618 Fibonacci and value area low.
- Price action suggests bullish accumulation and base formation at $1.74.
- A reclaim of the point of control could trigger a structural reversal toward higher resistance.
XRP (XRP) price is currently trading at a technically significant inflection point, with price defending a high-time-frame support zone around $1.74. This region is of strong technical importance, as it aligns with both the value area low and the 0.618 Fibonacci retracement, creating a zone of notable confluence.
While the broader market structure for XRP remains bearish, recent price behavior suggests that accumulation may be occurring at this support level. If buyers continue to defend this level, it creates a potential reversal that could shift market structure and trigger a short-term rally.
XRP price key technical points
- $1.74 high-time-frame support holds: Price is defending a central confluence zone at the value area low and 0.618 Fibonacci.
- Bullish accumulation developing: Price is basing above Fibonacci support, signaling potential absorption of selling pressure.
- Point of control is the key trigger: Regaining control of the point of control would signal a shift in market structure.
From a technical perspective, the $1.74 level represents one of the most critical areas on the XRP chart. The convergence of the value area low and the 0.618 Fibonacci retracement often marks regions where institutional participants look to accumulate positions. These zones tend to act as magnets for liquidity, where selling pressure can be absorbed before price rotates higher.
Current price action indicates that XRP is consolidating just above this Fibonacci support level rather than breaking down impulsively. This behavior suggests that sellers are losing momentum and that buyers are stepping in to defend the level.
Such accumulation phases frequently precede relief rallies, particularly when they coincide with high-time-frame technical confluences.
The structure developing around this support zone resembles a basing formation rather than continuation to the downside. XRP has begun to trade sideways, indicating that supply is being absorbed. This type of price action often signals the early stages of a reversal, particularly when it forms after an extended bearish move.
If this base continues to develop, it increases the likelihood of a rotation higher toward the point of control, which represents the last major lower high in the current bearish structure. A move toward this level would be the first meaningful sign that bulls are regaining control of the market in the short term.
Despite bullish signals emerging at support levels, XRP’s broader market structure remains bearish. The chart continues to show a sequence of lower highs and lower lows, which defines the prevailing trend. Until this structure is broken, any upside move should be treated as corrective rather than a confirmed trend reversal.
A true shift in market structure would require XRP to regain control, thereby breaking the pattern of lower highs. Achieving this from the current support zone would be technically significant, as it would confirm that the 0.618 Fibonacci level has successfully acted as a swing low.
If XRP rallies from $1.74 and reclaims the point of control, the next upside objective would be a test of the value area high. Acceptance above that level would strengthen the bullish case further and open the path toward high-time-frame resistance near $3.43.
What to Expect in the Coming Price Action
As long as XRP continues to hold above the $1.74 Fibonacci support, the probability of a short-term bounce remains elevated. Bullish accumulation at this level suggests that downside momentum is weakening, and a rotation toward the point of control is increasingly likely.
