$XRP Price Prediction Today: Breakout or Breakdown? - CoinPedia Analytics

Ripple's XRP is currently trading below $1.40, down over 5% in the last 24 hours. After a brief rally to $1.51 following Gary Gensler’s resignation, XRP reversed course alongside broader market weakness, with Bitcoin and other top coins also in the red.

Analyst Josh from Crypto World notes that XRP is retesting the crucial 78.6% Fibonacci level near $1.30, which previously acted as resistance and is now serving as strong support. The $1.25–$1.30 range has consistently held over recent days, marking it as a critical zone for short-term price action.

If this range fails, the next major support lies in the golden pocket area between $1.00 and $1.04, raising the possibility of a drop toward $1. However, on larger timeframes, XRP maintains a bullish trend, with key support levels intact.

Interestingly, XRP may be forming a symmetrical triangle pattern, with ascending support near $1.33 and descending resistance around $1.48. A breakout above $1.48 could target $1.77, while a breakdown below $1.33 might see XRP retesting $1.10.

Keep an eye on these levels as XRP could move 18% in either direction upon confirmation of a breakout or breakdown. Stay informed and trade wisely!