Ripple Price Analysis: XRP Must Reclaim This Key Level to Restart the Rally

XRP is rebounding toward $1.32 after defending the $1.26 support for the second time in October. The asset now pushes toward a short-term descending channel’s upper boundary and the 0.5 Fibonacci retracement. A breakout from this area could shift the short-term structure, while another rejection would keep sellers in control. Ripple Price Analysis: The USDT Pair On the daily chart, XRP is correcting the August rally from $0.99 to the $1.70 high. The decline has carried the price below the 0.5 Fibonacci retracement at $1.34, which now acts as resistance. The failed attempt to break back above $1.40 on October 21 reinforced the bearish short-term structure. The key support is $1.26, where the 0.618 retracement overlaps with a prior demand zone. Two lower wicks into this area suggest buyers are responding, but the rebounds have remained modest. For now, the level continues to hold, yet the market has not confirmed a reversal. On the upside, a reclaim of $1.34 would be the first sign of improvement, opening the way toward the $1.40 supply zone. Beyond that, the $1.50 region marks the origin of the last major breakdown and the next significant overhead barrier. Conversely, if $1.26 brea...