XRP is sitting at a make-or-break level right now, and traders are watching closely.
After pulling back for about 30 days, XRP has dropped to a major support zone on the chart. This isn’t just any level — it’s a key area that has held before and helped price bounce in the past.
According to technical analysts, XRP recently hit an intraday low and is now resting around a macro support level marked by a 0.5 Fibonacci retracement on higher timeframes. This same zone acted as a turning point before, including a bounce on November 21 that sent the price higher within two days.
What makes this level important is that several technical signals line up here. Multiple Fibonacci levels are clustered in the same area, which often means strong support. So far, price hasn’t broken down hard below it. Instead, selling pressure looks like it’s slowing as XRP moves sideways near this zone.
Crypto analyst Tara says this is usually the moment when traders feel the most nervous — not when price is falling fast, but when it’s just sitting on support. But that doesn’t mean it’s bearish.
Retesting support again and again can actually be healthy. It helps wear out sellers and can set the stage for a bounce.
The key thing to watch isn’t the level itself, but how XRP reacts here.
If XRP holds above this support and does not make a new low, the overall structure stays intact. And in that case, Tara says confidence could return quickly. In her words, “It’s going to get bullish.”
Momentum indicators back that idea, at least in the short term. On the 4-hour chart, the Relative Strength Index, or RSI, has dropped into oversold territory. That often increases the chances of a relief bounce.
As of now, XRP appears to be holding above support. If it continues to do so, analysts believe there could be room for upside later in the year.
But there’s a clear risk.
If XRP breaks down below this range and confirms a new low, the bullish setup falls apart. In that case, attention would shift to lower support levels.
For now, XRP is at a crossroads — and the next move could set the tone for what comes next.
