XRP Sweeps Sept. 16 Lows as $1 Fair Value Gap Comes Into Focus

XRP has swept the Sept. 16 lows and rebounded from a key fair value gap, but the broader structure still leaves room for another decline toward the $1 region if buyers fail to reclaim lost resistance. XRP currently trades around $1.28, recovering from the latest test of the lower $1.20s. The bounce comes after price pushed beneath the previous September low, taking out liquidity that had remained untouched for several weeks. The sweep creates the conditions for a short-term reaction, but XRP still needs to recover higher fair value gaps before the move can be treated as a meaningful reversal. The most important development is the move beneath the horizontal low that had remained intact since Sept. 16.

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