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<p style="text-align: justify">XRP is testing the $1.31 level as buyers attempt to drive a breakout from a short-term downtrend. The cryptocurrency has faced persistent resistance and softening order-book demand, complicating its near-term outlook.</p>
<h2 id="xrp-price-stalls-around-1-31-after-october-decline">XRP price stalls around $1.31 after October decline</h2>
<p style="text-align: justify">After hitting resistance around $1.50 earlier in October, XRP experienced a steady decline. Historical data from CoinGecko recorded the token closing at $1.29 on October 17, slipping from $1.41 reached just six days prior.</p>
<p style="text-align: justify">On October 16, XRP failed to maintain a position above $1.31 but rebounded from a $1.29 wick following a wave of overnight buying. Crypto analyst @MarzellCrypto identified $1.31 as the key threshold for buyers to reclaim, suggesting that holding this level could open the path toward $1.35. Conversely, a breakdown below $1.29 could bring deeper Fibonacci retracement levels into play, with first support seen near $1.284.</p>
<blockquote>
 <p>XRP struggles to confirm a breakout above $1.31, even as buyers defend short-term support near $1.29 and analysts highlight the need for stronger sustained momentum to target higher resistance at $1.35.</p>
</blockquote>
<p style="text-align: justify">As of October 19, XRP traded close to $1.31, placing it at the critical support and resistance zone identified by technical analysts. However, proximity to this level alone does not guarantee a decisive move.</p>
<p style="text-align: justify">Analysts at Brave New Coin previously described the $1.30 area as a level to watch for near-term stability following rallies rejected at higher resistance zones.</p>
<h2 id="elliott-wave-and-fibonacci-analysis-show-key-levels">Elliott Wave and Fibonacci analysis show key levels</h2>
<p style="text-align: justify">Technical analysis from @Morecryptoonl examines the potential for a descending trendline breakout using Elliott Wave structure. The analysis, referencing a chart by MCO Global Research, outlines potential corrective and impulse waves and points to price action near $1.30 as a possible turning point.</p>
<p style="text-align: justify">According to this chart, XRP is trading close to a downward-sloping resistance line. Any confirmed breakout above this trendline would signal that selling pressure may be fading, but market participants look for sustained moves rather than brief intraday spikes.</p>
<p style="text-align: justify">Several Fibonacci retracement levels are highlighted as notable support areas if the price fails to hold above $1.29, specifically:</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Level</th>
   <th>Description</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$1.293</td>
   <td>50% retracement, near current trading range</td>
  </tr>
  <tr>
   <td>$1.212</td>
   <td>61.8% retracement, deeper support</td>
  </tr>
  <tr>
   <td>$1.106</td>
   <td>78.6% retracement, significant downside marker</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">These levels do not guarantee price floors but serve as potential support points. In a daily analysis, @Morecryptoonl noted that XRP requires a strong bullish reaction from its current position to confirm an Elliott Wave 1–2 setup. Without confirmation, the reading remains interpretive and subject to change as price action evolves.</p>
<p style="text-align: justify">A sustained move above $1.29–$1.30 could strengthen prospects for stabilization, while a decisive break below this zone might shift attention toward $1.21 and $1.106 support levels.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Elliott Wave analysis, a method used in technical analysis that categorizes market trends and reversals into identifiable wave patterns, typically involving cycles of five upward or downward moves alternating with three corrective moves.</p>
<h2 id="order-book-liquidity-and-macro-trends-add-uncertainty">Order-book liquidity and macro trends add uncertainty</h2>
<p style="text-align: justify">Order-book data adds another layer of uncertainty to XRP’s outlook. Crypto analyst @Xaif_Crypto has pointed out a concentration of sell orders just above XRP’s current price near $1.30 and weakening buy orders below the market. If demand diminishes further, buyers may struggle to counteract heavy selling, making a drop toward the $1.20–$1.21 support zone more likely.</p>
<p style="text-align: justify">Order-book liquidity consists of the aggregation of limit buy and sell orders at various price levels for an asset. While a high concentration of orders can create resistance or support, order-books are dynamic, and orders can be changed or withdrawn, limiting their reliability as sole predictors.</p>
<p style="text-align: justify">Beyond technical factors, market-wide conditions also play a role in shaping short-term outlooks for XRP. Technical analyst ChartNerdTA identified significant overhead resistance from $1.50 to $1.60, reinforced by a descending 50-week exponential moving average (EMA). The analyst also said a close below the 20-week EMA near $1.34 might set the stage for a further retracement toward $1.00–$1.10.</p>
<blockquote>
 <p>Should <a href="https://en.coin-turk.com/grayscale-lawsuit-outcome-potential-effects-on-the-market-and-bitcoin-etf-approvals/" rel="noopener noreferrer nofollow">Bitcoin</a> fall below $83,000, the broader crypto market could face additional pressure, potentially weighing on XRP even if its movements do not always directly mirror Bitcoin’s volatility.</p>
</blockquote>
<h2 id="xrp-at-a-crossroads-near-1-30">XRP at a crossroads near $1.30</h2>
<p style="text-align: justify">XRP’s immediate price prediction centers on whether the token can maintain support at $1.29–$1.31. Recovery frameworks, including the possible trendline breakout and Elliott Wave structure, have not yet confirmed a bullish reversal. If buyers reclaim $1.31 and consolidate above it, a move toward $1.35 becomes more conceivable. Any weaker performance could put the $1.21–$1.20 region in focus, and further downside may bring lower Fibonacci support near $1.106 into play.</p>
<p style="text-align: justify">The broader landscape remains cautious, with repeated rejection from the $1.50–$1.60 resistance band and a failing 50-week EMA signaling ongoing overhead pressure. Until price action clearly breaks out or breaks down from current levels, XRP is likely to remain in a consolidation phase.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-struggles-at-1-31-resistance-threatens-move-to-1-35/" rel="noopener noreferrer nofollow">XRP struggles at $1.31, resistance threatens move to $1.35</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP struggles at $1.31, resistance threatens move to $1.35

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