XRP is getting close to the entry zone of a potential bullish Gartley harmonic pattern, which could mark the end of the ongoing correction.
Currently, XRP changes hands at $1.0685, and the entry zone also aligns with a long-established demand area between $1.02 and $1.0448. This makes the zone one of the most important levels on the chart.
Notably, when a harmonic pattern and a proven support zone come together, it shows strength. If XRP completes the Gartley pattern and buyers successfully defend the $1.02 to $1.0448 range, the token could begin recovering after spending months in a correction.
XRP Price Swings Create the Gartley Pattern
The current pattern developed after XRP went through a change in direction over the past few weeks. Specifically, the token climbed to a local high near $1.30 in mid-June before sellers gradually took over.
The ensuing selling pressure pushed XRP down to a swing low near $1.0072 around June 26, creating the X point and presenting the foundation for the harmonic pattern.
From this low, buyers stepped back into the market and drove XRP higher. The rally lifted the price to around $1.19 by July 5, forming the A point and delivering a gain of roughly 22% in less than two weeks.
Sellers then regained control, pulling the price back to about $1.0684 by July 7. This decline formed the B point, completing the second leg of the pattern.
Support from Fibonacci Levels
A bullish Gartley pattern consists of five turning points labeled X, A, B, C, and D. Each leg follows specific Fibonacci measurements based on the original XA move.
In a bullish situation, the D point usually forms near the 78.6% Fibonacci retracement of the XA leg. This area is known as the Potential Reversal Zone, where buyers typically return and push the price higher.
XRP’s current price action continues to follow the pattern. Notably, the AB pullback retraced 65.2% of the XA move, placing it close to the preferred 61.8% retracement for the B point.
From there, XRP rebounded to around $1.1186 on July 12, creating the C point. This recovery retraced 43.7% of the AB decline, staying within the accepted 38.2% to 88.6% range for a valid BC leg.
After reaching the C point, XRP faced another pullback and entered the final CD leg. The current move continues toward the projected D point at $1.0048, which matches the 78.6% retracement of the full XA advance.
XRP Demand Zone
Importantly, the projected D point falls inside a well-established demand zone between $1.02 and $1.0448. In the past, buyers stepped into this area, absorbed selling pressure, and pushed the price higher. This historical context gives the zone added importance as a support level.
The analysis places $1.0448 as the level where the pattern begins to activate, while $1.02 marks the full D-point completion and the deepest retracement that still keeps the pattern valid.
Key XRP Price Levels
If XRP reaches the D point and buyers defend the area, the first level to watch sits at the C-point high near $1.115. A strong move above that price would suggest the correction has likely ended and that bullish momentum is returning.
The next important resistance stands at the A-point high of around $1.19. If XRP breaks above that level, the measured move based on the original XA leg points to a possible recovery into the mid-$1.20 range.
On the downside, bulls must defend the $1.00 level. The bullish Gartley remains valid only if XRP avoids a decisive close below that price. A sustained move under $1.00 would invalidate the pattern, end the bullish setup, and increase the chances of a deeper decline.
