XRP tests the golden level as the price positions itself strategically

Recent data shows that XRP is in a crucial technical interest zone after experiencing significant volatility in recent weeks. According to trader CasiTrades’s analysis, the price has identified a strategic support known as the “golden pocket,” located between $1.53 and $1.60. This area represents an important turning point where selling pressure has historically been exhausted, allowing the market to find a base for potential recoveries.

A golden pocket as a key support in the technical structure

The concept of the golden pocket is fundamental in advanced technical analysis. It is a convergence zone where multiple support levels from previous price patterns intersect. In the case of XRP, this level has proven its importance by containing the recent decline, reflecting institutional and retail strength in that region.

The current XRP price is around $1.40, with a short-term bullish behavior showing a +2.94% recovery over the past seven days. This movement suggests buyers are regaining control after prior volatility, consolidating the golden pocket as a base of operations.

Elliott Wave analysis and rebound price targets

Elliott Wave Theory provides a predictive framework supporting the short-term bullish scenario. According to this methodology, after the previous downward structure, the price is expected to recover toward specific targets: $1.78 and $1.93 represent zones where significant gains could be recorded in the rebound.

However, to establish a genuine structural reversal and avoid risks of deeper declines, XRP’s price must decisively surpass the $2.03 level. This critical threshold separates a positive technical scenario from a potentially corrective one. Meanwhile, monitoring the golden pocket support remains essential to confirm the integrity of the emerging bullish structure.