Is XRP Really Being Manipulated? Let’s Break It DownSome may see XRP’s current pullback and label it as manipulation or suppression. But as traders, we know it’s important to focus on the technical analysis rather than emotions. Let’s dive in.
Using the Fibonacci retracement tool, I’ve mapped out the current swing low and swing high for you. What’s clear is that this retracement was not only expected but completely natural. Why? Because we know that retracement zones often occur near the 0.618 (Golden Pocket) or the 0.786 level.
The Golden Ratio (0.618): The Key Level to Watch
• The 0.618 level, also known as the Golden Pocket, is a key retracement point derived from the Fibonacci sequence—a concept seen in both nature and financial markets.
• This level often marks a spot where price bounces or reverses, as it represents a balance between early profit-takers and new buyers stepping into the market.
The 0.786 Level: The Last Line of Defense
• The 0.786 retracement zone signals a deeper pullback. While not as strong as the Golden Pocket, it’s often viewed as the final support zone for an uptrend before a potential reversal.
What This Means for XRP
This retracement isn’t manipulation or suppression—it’s a natural part of the market cycle. For traders who understand these dynamics, this is an opportunity to spot potential buying zones or reassess exit strategies.
And let’s not lose sight of the bigger picture:
• In October 2024, XRP was sitting at $0.55 per token.
• Fast forward to January 23, 2025, and it’s now hovering around $3.05—an incredible gain by any standard.
That’s the kind of upward momentum long-term investors dream about.
Key Takeaway
Learn to identify these retracement zones using tools like Fibonacci. When you understand the market structure, you’ll gain confidence in spotting buying opportunities and protecting your trades.
I hope this insight helps you see the pullback from a more informed perspective. XRP’s story isn’t over—it’s just another chapter in the bigger trend. Stay sharp, traders!
Jeremy Flanagan DGD
