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.

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