Crypto enthusiast Gonzo shared an update on XRP’s technical setup, noting that the asset displayed strength during the day’s trading. In his words, “$XRP looks strong for the day. It broke the trend line with a re-test of the outside, while holding the 50% level and holding the 50 SMA.” His post was accompanied by a chart illustrating the recent price action, trend structure, and Fibonacci retracement levels. $XRP looks strong for the day. It broke the trend line with a re-test of the outside, while holding the 50% level and holding the 50 SMA. pic.twitter.com/IhJY0CRsMS — Gonzo (@gonzo_3t) September 16, 2025 Breakout and Re-Test of the Trend Line The chart shows that XRP is trading just above the $3.00 level, closing near $3.0454 at the time of capture. A descending trend line that had contained price action for several weeks was recently broken, with XRP moving above it and then returning to re-test the breakout area. This re-test was held, which is the basis for Gonzo’s description of strength. Fibonacci Levels and the 50 SMA as Support In addition to the breakout, the chart highlights the importance of the 50% Fibonacci retracement and the 50-day simple moving average (SMA). The 50% retracement is placed at $2.9415, while the 0.382 level sits just above at $2.9993. Both of these align with the moving average zone, providing a technical support range between $2.94 and $3.00. Gonzo pointed out that XRP held this zone while maintaining support on the 50 SMA, adding weight to the view that the breakout has been confirmed. Resistance and Support Levels Ahead Upside levels visible on the chart include resistance near $3.1865, with a further marker positioned higher at $3.3924. On the downside, the chart identifies a lower support zone around $2.6965. These price points indicate the next technical areas traders may watch should XRP either extend its move upward or face renewed selling pressure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Short-Term Technical Outlook Gonzo’s analysis does not project longer-term outcomes but instead highlights intraday conditions that indicate short-term resilience. The emphasis is on the combination of the trend line break, the re-test that successfully held, and the continued support provided by the Fibonacci levels and the moving average. XRP’s price structure presently reflects a technical recovery from earlier declines, with the $3.00 zone acting as the immediate reference point for strength. Gonzo’s update suggests that as long as this zone remains intact, the outlook for the day favors stability above the breakout level, with attention shifting to resistance levels above. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst to Investors: XRP Looks Strong for the Day. Here’s why appeared first on Times Tabloid .
