XRP Price Forms a Swing Failure at $1.80: Potential Bottom?

XRP price prints a swing fail pattern at $1.80 and reclaims support, indicating downside exhaustion as traders look to the $1.98 level for bullish confirmation.

The XRP (XRP) price is showing early signs of a potential bottom after forming a swing fail pattern (SFP) around the $1.80 level. This pattern, which is often associated with downside exhaustion, has emerged as the price reclaimed the $1.80 region after briefly trading below it.

While there is still no confirmation, the structure suggests that selling pressure may weaken, opening the door for a near-term bullish recovery if key resistance levels are recovered.

XRP price key technical points

• Swing failure pattern forms at $1.80indicating possible downward depletion.
• Price trading below the Point of Control at $1.98which remains the main resistance to recovery.
• Holding the 0.618 Fibonacci retracement could confirm the bullish setup.

The $1.80 swing fail pattern is technically significant because it reflects a failed attempt by sellers to hold the price below a key support level. In an SFP, the price briefly breaks below support, triggers liquidity, and then quickly reclaims the level, trapping late sellers. This behavior often marks local bottoms, especially if it occurs after a prolonged decline.

In the case of XRP, the $1.80 recovery suggests that buyers are actively defending this region. However, the price has since fallen after a rejection from the Point of Control (POC) near $1.98, a level that represents the highest trading volume within the current range. This rejection indicates that while downward pressure may be easing, the bulls have not yet regained control even as XRP-linked ETF assets soar above $60 million despite continued weakness in the token’s spot price.

The current pullback towards the 0.618 Fibonacci retracement is a critical test of the bullish thesis. This level often serves as an important support during corrective phases in the development of reversals. If price holds this region and forms higher lows, it would further confirm the swing fail pattern and increase the chances of a continuation higher.

From a market structure perspective, XRP is in a transition phase. While the pattern of swing failures suggests a potential shift in momentum, the broader structure has not yet turned decisively bullish. The price is still trading below the POC and below the Value Area Low, meaning acceptance to a higher value has not yet been achieved.

One level to watch remains $1.98. This region serves as both the POC and a high time frame resistance. A clean clawback of $1.98 at closing would signal acceptance of the value and confirm the swing-fail pattern as a valid bottom structure. Such a move would likely pave the way for a rally towards the $2.20 resistance, where selling pressure emerged earlier.

Until that recovery takes place, caution is advised. Unsuccessful swing failure patterns can lead to renewed disadvantage if buyers fail to follow through. This is why holding above $1.80 and defending the Fibonacci level of 0.618 is essential to maintain bullish momentum.

Volume behavior will also be an important confirmation factor. A successful break above $1.98 should be accompanied by increased volume, which would signal real demand rather than a short-lived rebound. Without this, any upward movement risks being corrective rather than impulsive.

In summary, XRP’s price action reflects a market at an inflection point. The swing failure pattern at $1.80 offers a constructive signal, but confirmation remains dependent on how the price behaves around key volume and resistance levels.

What to expect in the upcoming price action

If XRP remains above the Fibonacci level of 0.618 and reclaims the Point of Control at $1.98, the chances of a bullish continuation towards $2.20 increase. Failure to regain this region would maintain price rotation and warrant continued caution.