The XRP monthly chart remains structurally constructive despite last week’s sharp pullback, according to independent technician Charting Guy (@ChartingGuy), who argues the asset is “NOT bearish in the slightest.” His latest one-month XRP/USD chart on Bitstamp, captured Oct. 14, shows price defending a major Fibonacci support cluster while repeatedly probing resistance at the prior all-time 0 Bull Run To $26 Still Possible? On the current monthly candle, XRP is trading at $2.4477 with 17 days and 10 hours left in the period after printing an open at $2.8467, high at $3.1037, and low at $1.5800, down 14.0% 1 rejection zone is precise: a horizontal line marks the 1.000 Fibonacci retracement at $3.3170, which aligns with the 2018 cycle peak and has capped the last several tops in 2 below, the chart includes a 0.888 retracement band (approximately $2.96) that has acted as near-term resistance during this three-month range between roughly $2.10–$3.30.
Under price, confluence is building at the former breakout shelf from the 2021 surge. A lime-green box highlights the $1.60–$1.80 area, overlapping directly with the 0.786 retracement at $1.6125 and the top of the 2021 3 band caught last week’s deep wick to $1.58 and, in prior months, has served as a staging area for 4 next staircase of support below is marked by the 0.702 at $1.2149, the 0.618 at $0.9153, and the 0.500 at $0.6149, delineating a clear hierarchy should the market see further 5 Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? The bullish extension framework in Charting Guy’s layout is 6 the all-time high at $3.3170, the chart plots successive Fibonacci expansion targets at 1.272 = $8.2961, 1.414 = $13.3894, and 1.618 = $26.6304.
Those levels map a classic measured-move pathway for a trend continuation once price achieves a decisive, high-timeframe close through the prior 7 other words, the cycle roadmap remains intact so long as the monthly structure continues to hold above the 0.786 stack and eventually flips the ATH into 8 Structure Remains Supportive The analyst couples that chart with a broader market read. “So many are caught up in day-to-day price action,” he posted on X, adding that TOTAL2, TOTAL3, and top altcoins (ETH, XRP, SOL) each “have ONE more key fib to get over… their prior 9 that happens with strength, altseason really gets going. BTC. D tanks & shitcoins finally catch a bid.” In his XRP view, that “one more key fib” is the $3.3170 10 Reading: XRP Could Swing To $1.19 Or $20 After Order-Book Collapse, Analyst Warns Technically, the setup is binary and well-defined on the monthly timeframe: continued defense of $1.60–$1.80 keeps the uptrend’s higher-low structure intact, while a sustained break and close above $3.3170 would confirm the next leg toward the extension grid at $8.30, $13.39, and—at the cycle’s ambitious outer bound—the 1.618 marker near $26.63.
For now, XRP remains range-bound beneath ATH but supported by the same zone that powered its last breakout, exactly as Charting Guy’s chart 11 press time, XRP traded at $2.4655. Featured image created with DALL. E, chart from 12
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