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.

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