XRP’s recovery fades at $1.82 as Fibonacci resistance caps short-term bounce
XRP fails to reclaim $2 level as momentum weakens.
XRP price movement, after sliding to a five-month low of 1.61, staged recovery attempts that have struggled below key Fibonacci retracement levels.
Price action during Wednesday’s Asian session saw XRP fall from 1.82 to 1.72, before bouncing back to 1.82 in the European session—right at the 0.382 Fibonacci resistance level, where price has stalled for a few hours.
This hesitation at the 0.382 level follows a failed breakout attempt at the 2.0 psychological level earlier in the week, which coincided with the 0.618 Fibonacci golden ratio of the most recent downswing. The rejection at that level triggered renewed selling pressure, which has since shaped XRP’s short-term trajectory.
XRP price dynamics (March - April 2025). Source: Tradingview
Technically, near-term resistance now stands at 1.90, which aligns with the 0.5 Fibonacci retracement level and presents the next key barrier for bullish continuation. Failure to push past the current 0.382 resistance could expose XRP to a renewed decline toward a fresh five-month low below 1.61. If that breaks, the 1.50 psychological support could come into focus, capping what would mark a fourth consecutive daily decline.
RSI across timeframes signals weak momentum behind XRP recovery
Momentum indicators reflect this pressure. The 1-hour RSI has held steady at neutral, showing little short-term directional conviction. However, the broader picture on the 4-hour and daily RSI paints a more bearish picture, with both still in negative territory. This supports the notion that the current price recovery attempt lacks strength, unless accompanied by improved momentum.
For now, price continues to hover near the 1.82 mark. A decisive move above the 1.90 resistance would help shift short-term sentiment, though failure to do so may quickly drag the price toward 1.61 again. Traders are watching closely to see whether this Fibonacci cluster turns XRP around or confirms another leg lower.
XRP rebounded from a five-month low but struggled to break above the $2 level. Teucrium announced a 2x leveraged XRP ETF, set to launch on April 8 despite market headwinds.
