Despite a 30% drop over the past month, technical and on-chain data suggest XRP (CRYPTO: XRP) may be nearing a potential rebound zone.

CryptocurrencyTickerPriceMarket Cap7-Day TrendXRP(CRYPTO: XRP)$1.41$86.2 billion-6.3%Bitcoin(CRYPTO: BTC)$66,273.24$1.32 trillion-5.3%Ethereum(CRYPTO: ETH)$1,920.41$231.8 billion-4.9%

Trader Notes: XRP has followed what trader Charting Guy described as a textbook Fibonacci structure.

Price rejected at the golden pocket, found support at the 0.236 level, rallied into the 1.236–1.272 extension zone and is now completing a healthy retest of the golden pocket.

A full retracement of the prior rally appears unlikely, with price more likely to stabilize near…

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