XRP Held Up Better Than Some Crypto Assets but Has Not Confirmed a Bottom

XRP showed more resilience than some cryptocurrencies during the market correction, but its chart had not confirmed a bottom.

XRP’s main support range was $1.10-$1.29, and it was undergoing a second test. Other cryptocurrencies had fallen below their August lows or moved close to those levels.

The range contains three Fibonacci retracement markers tied to XRP’s decline from its August high: $1.29 at 50%, $1.21 at 61.8% and $1.10 at 78.6%.

The decline from the August high appeared to form a three-wave correction. That pattern alone did not establish that the broader uptrend remained intact. A clear five-wave advance would provide stronger evidence of continuation, while a three-wave rebound would indicate a weaker recovery.