Ripple’s XRP is trading around $1.25 after retreating from its $1.70 high, just below the $1.70-$1.80 supply zone. It is now near the 61.8% Fibonacci retracement, which also overlaps with a previous demand zone, after briefly touching $1.20. Holding above $1.25 could allow XRP to reclaim the $1.34 and $1.40 levels, while a daily close below $1.20 would expose the $1.10-$1.14 demand zone. On the four-hour chart, the sequence of lower highs and lower lows continues to favor sellers, and XRP needs to break above the descending channel and reclaim $1.40 to reverse the structure.
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