Ripple Price Analysis: Can XRP Recover After the Hack-Driven Sell-Off?

Ripple’s XRP is under renewed pressure after failing to break above the upper boundary of its short-term descending channel. Trading around $1.25, the token has slipped into a key Fibonacci support area, where the reaction over the coming sessions could decide whether the August recovery remains intact or gives way to a deeper retracement. Ripple Price Analysis: The USDT Pair On the daily chart, XRP continues to retrace the sharp rally from the $0.99 August low to the $1.70 high, which stalled just below the major $1.7-$1.8 supply zone. Since then, the asset has printed lower highs, losing the 0.5 Fibonacci retracement at $1.34 earlier this month and drifting back toward the $1.25 support zone. This area is important because it coincides with the 0.618 retracement level and a prior demand zone from mid-September. Yesterday’s candle briefly dipped to approximately $1.20, tagging the 0.702 level, before buyers pushed the price back toward $1.25. The long lower wick suggests that demand is responding, although the daily close has yet to confirm a successful defense. If the $1.25 zone holds, XRP would first need to reclaim the $1.34 Fibonacci level and the $1.40 supply zone, where the ...