Structure Retest and Resistance Reclaim

XRP has moved into the London session with price action centered on a critical 4-hour resistance retest. The $1.49 level, which had previously constrained rallies, is now acting as support - a textbook sign that sellers have exhausted their conviction at that zone. Current price at $1.50 sits in a narrow band between the reclaimed resistance and the next structural target at $1.55. This 1% move upward, while modest in nominal terms, represents a structural shift that traders monitor in mean-reversion and breakout scenarios.

Path to Current Levels and Momentum Context

The 24-hour context shows XRP climbing 0.35%, a restrained move compared to $BTC (+1.04%) and $ETH (+0.86%), but one that coincides with elevated social sentiment at 85% positive according to LunarCrush data. Volume of $2.447B over 24 hours is consistent with the asset's typical daily activity, suggesting the retest of $1.49 did not occur on a washout or capitulation spike - a detail that matters for assessing conviction. The move off lower levels did not require a volume extreme, which in technical terms can indicate orderly accumulation rather than panic buying or short-covering alone.

Fibonacci and Key Resistance Targets

The $1.55 level represents the next structural resistance - a prior swing high or area of supply - and is the immediate zone to monitor in the current session. Beyond $1.55, traders typically reference Fibonacci extensions and previous cycle highs to map extended upside. A break above $1.55 would signal a higher-low formation on the 4-hour chart, a pattern that can trigger mechanical long entries in algorithmic and swing-trade setups. Conversely, rejection at $1.55 would retest the conviction of the $1.49 support; a failure there would expose lower Fibonacci support levels and the prior swing low, where demand would need to re-establish.