XRP Retest Sparks Bold $33 Target Talk

XRP has pulled back to the 0.5 Fibonacci retracement near $0.61, a level one analyst says aligns with prior cycle retests, following a breakout structure and mirroring past patterns where sharp retracements preceded larger upside expansions.

If the level, observed by renowned cryptocurrency market specialist EGRAG CRYPTO in an X post on February 12, holds, the broader bullish structure may remain intact.

What Just Happened?

On the higher timeframe, XRP appears to have completed a breakout from a multi-month structure before returning to test support near $0.61.

The 0.5 Fibonacci retracement is often viewed as a key equilibrium zone, not overly bullish, not overly bearish, but historically important in XRP’s prior cycles.

According to the analysis, previous cycles followed a similar sequence, including breakout from consolidation, sharp retracement, and a measured move continuation higher.

The retest itself doesn’t invalidate the structure, but in fact may be part of it.

Why This Level Matters

The $0.61 area represents a technically significant inflection point. If the price stabilizes here and forms higher lows, the larger trend structure could remain constructive.

However, if XRP decisively breaks below this zone, traders may look toward deeper retracement levels before any continuation attempt.

The setup also highlights a recurring market dynamic of conviction during volatility. Historically, long-term entries often occur when sentiment is weakest, not when momentum is obvious.

For the time being, the price of XRP currently stands at $1.39, which suggests a 0.4% decline on the day, 3.1% increase over the week, and a loss of 33% accumulated across the past month, per the latest chart data.

What Comes Next?

Traders will be watching for a confirmed hold of the 0.5 Fibonacci level, strong monthly or weekly closes, and reclaiming nearby resistance zones.

If support holds, the broader bullish roadmap remains viable. If it fails, the structure shifts, and patience may be tested before any renewed upside attempt.

All things considered, XRP now sits at a structurally important level, and how the price reacts here could define its next major trend phase.

XRP Price Today

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