Despite a 30% drop over the past month, technical and on-chain data suggest XRP (CRYPTO: XRP) may be nearing a potential rebound zone.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| XRP | (CRYPTO: XRP) | $1.41 | $86.2 billion | -6.3% |
| Bitcoin | (CRYPTO: BTC) | $66,273.24 | $1.32 trillion | -5.3% |
| Ethereum | (CRYPTO: ETH) | $1,920.41 | $231.8 billion | -4.9% |
Trader Notes: XRP has followed what trader Charting Guy described as a textbook Fibonacci structure.
Price rejected at the golden pocket, found support at the 0.236 level, rallied into the 1.236–1.272 extension zone and is now completing a healthy retest of the golden pocket.
A full retracement of the prior rally appears unlikely, …