XRP is moving in a critical zone this week. I saw that the price dropped quite sharply and is now testing that support level known as the golden pocket, around $1.32. The data shows a more pronounced decline than some expected, but technical traders see this as a potential rebound opportunity.

What's interesting is that according to Elliott Wave Theory, this movement suggests that the room for further declines could be limited. If the price manages to rebound from these levels, some analysts talk about targets around $1.78 or even $1.93. However, what really matters to change the bearish structure is that XRP decisively recovers the $2.03 level.

For now, the price remains volatile, and these supports are key to watch. Many traders are paying close attention to how XRP reacts in this golden pocket, because that will determine whether we see a real rebound or if it continues under pressure.