XRP is trading at a critical technical juncture, testing a key Fibonacci support zone known as the "golden pocket" after a significant weekly pullback. The token is currently priced at $1.57, marking a 3.3% daily decline and a nearly 15% drop over the past week. Trading volume has contracted sharply, down 35% to approximately $3.65 billion over the last 24 hours.
The price has returned to the crucial $1.53–$1.60 support range, which analysts identify as the golden pocket area—specifically the 0.618 Fibonacci retracement level combined with the 1.618 extension of Wave 3. This zone is often associated with capitulation within corrective sequences and is now acting as a make-or-break level for the asset's near-term direction.
Analyst CasiTrades notes that XRP has completed a textbook move into this golden pocket, with the recent low at $1.53 printing a clear bullish divergence—a technical signal suggesting selling pressure is waning. The market is seen as transitioning from a phase of exhaustion into a decision phase, with momentum potentially shifting toward a Wave 4 relief rally.
Key resistance levels are firmly established at $1.78, $1.93, and the critical $2.03 threshold. The $2.03 level coincides with the macro 0.5 Fibonacci retracement and acts as a structural boundary. As long as XRP trades below $2.03, the prevailing bearish structure remains intact. A rejection at this zone in late January triggered the current decline toward support.
The current correction extends the pullback that began in mid-January, erasing gains from a nearly 30% rally in early January that saw XRP reach a local high of $2.41. The loss of the $2 psychological level, which had held during the first weeks of 2026, has been a significant development. From an Elliott Wave perspective, the shallow nature of Wave 2 leaves room for a broader Wave 4 move upward, provided support holds.
Analysts warn that a breakdown below the $1.55 support level would expose the token to further declines within the same technical range, invalidating the potential relief rally scenario. The immediate outlook hinges on whether the golden pocket support can catalyze a reversal or if bearish momentum will prevail.
