1 week ago
20
Key Takeaways
- XRP trading at $1.3225, in the grey zone between Fibonacci 0.786 and full retracement
- Fibonacci levels broken sequentially: 0.236, 0.382, 0.5, 0.618, now 0.786
- Next labeled support: Fibonacci 1.0 at $1.2779, $0.045 below current price
- NVT Ratio at 191.7, down 12.1% in 24 hours: overvaluation correcting alongside price
- Whale to exchange transactions at 237: near chart floor, distribution pressure absent
The chart shows where price is within the Fibonacci grid. The on-chain data shows what large holders are doing inside it. The monthly formation analysis shows where this compression has historically led.
The Fibonacci Grid: A Sequential Breakdown
The rally from $1.2779 to $1.5490 that defined XRP’s April-May recovery is now being retraced level by level. The Fibonacci grid on the chart makes the sequence visible. Price moved through the pink zone above $1.4850 during the May highs, then lost the 0.236 at $1.4850. It spent time in the...
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