XRP Eyes Key Fibonacci “Golden Pocket” Amid Potential Relief Bounce
XRP nears the $1.41 ‘Golden Pocket,’ the 0.618–0.706 Fibonacci zone, an area historically acting as a strong demand level, signaling a key inflection point for its near-term trajectory, according to XRP Update.
Traders closely watch Fibonacci retracement levels to spot trend reversals. For XRP, the 0.618–0.706 zone around $1.41 could act as key support, where buying may trigger a short-term bounce.
Coupled with XRP’s multi-channel diagonal support and resistance, this structure hints at strong bullish momentum, potentially driving a surge toward $200.
Presently, XRP is trading at $1.59, just above the Golden Pocket yet near a key support zone. Technical signals suggest buyers may defend this level, potentially sparking short-term bullish momentum. The asset is also forming the same bottom pattern that once propelled Nvidia and Google to major gains.
Key $1.41 Zone Could Shape Near-Term Price Action
XRP’s 0.618–0.706 Fibonacci retracement zones have historically acted as springboards for rallies. These levels offer traders clear signals for potential entries, exits, and short-term reversals, making them key markers for gauging market sentiment.
While no single signal guarantees a rebound, XRP shows signs of cautious optimism. Key indicators, on-chain metrics, historical support, and real-time trading data, suggest traders should watch the $1.41 zone for volume spikes, candlestick patterns, and momentum shifts.
The golden pocket (0.618–0.706 Fibonacci retracement) is crucial: a defense here could trigger a relief bounce toward higher resistance, while a break below may signal further downside, making this area a critical reference in a volatile market.
Conclusion
XRP nears the key 0.618–0.706 Fibonacci Golden Pocket at $1.41, a historically strong support zone that could spark a relief bounce.
While no level guarantees a reversal, on-chain metrics and past price action underscore its significance. XRP’s behavior here may dictate short-term momentum, making $1.41 a critical pivot for both buyers and sellers.
Source: https://coinpaper.com/14283/xrp-price-prediction-golden-pocket-accelerates-make-or-break-moment
