XRP consolidates its price in the golden zone after bullish recovery

According to the latest data from Bijie Network, XRP has experienced a clear recovery in recent days, currently trading around $1.54 with a 10.67% increase over the past seven days. This price action has positioned the coin in the critical support area known as the “golden pocket,” a technical zone between $1.53 and $1.60 that analysts consider essential for determining the market’s next move.

The golden pocket acts as a key support in the technical structure

Renowned trader CasiTrades has noted that this price consolidation around the golden pocket is not random but responds to patterns identified by Elliott Wave Theory. According to this technical analysis, the buildup of buying pressure in this zone suggests that the downward move has exhausted its potential, creating conditions for a broader recovery. The golden zone acts as a natural technical cushion where demand has been strong enough to halt panic selling.

Price projections after confirmation of the golden zone

If XRP’s price manages to stay firm in this support zone, technical analyses project bullish movements that could push the price toward $1.78 and even $1.93. These projections are based on the confirmation that the golden pocket is effectively acting as a market floor and not just a temporary rebound. However, this bullish trajectory will heavily depend on whether the price can consolidate above these levels.

The next critical price level: resistance at $2.03

To confirm a definitive structural change and fully neutralize the risk of a deeper decline, XRP’s price must decisively break above the resistance level at $2.03. This threshold represents the boundary between maintaining the previous bearish structure or initiating a genuine bullish trend. A firm breakout above this price would be the clearest signal that the golden pocket has fulfilled its role as support and that the market is ready for more aggressive upward movements.