Crypto Market Bounce Lifts Ethereum While XRP Stays Under $2

• XRP fell under $2 after a volatile session, keeping traders focused on support.
• Analysts cite fractal and Wyckoff structures, but stress charts do not predict outcomes.
• Resistance at $2.50 to $3.00 caps upside unless XRP reclaims $2 with follow-through.

Crypto markets are showing signs of recovery as total market capitalization rises to $2.93 trillion, up 0.84% in the last 24 hours. The majority of altcoins are trying to bounce back after a prolonged period of bearish price activity. Ethereum has gained over 3% in 24 hours, reaching $2,924, while XRP is up 0.6% at $1.84. 

XRP traded below the crucial $2 level on Thursday after a volatile session that saw prices briefly rise above $1.89 before falling to around $1.77. The token ended the day lower, showing the mixed sentiment across the broader crypto market.

Despite the pullback, several analysts said the structure of XRP’s recent price action still leaves room for a potential recovery.

Related: US Inflation Surprise as Headline CPI Cools to 2.7% in November; Lifts Crypto Sentiment

Fractal Read on XRP Highlights Structure, Not Certainty

XRP has struggled to hold momentum since losing the $2 level, which many experts view as an important psychological threshold. Intraday moves remained sharp, with buyers stepping in near support while selling pressure capped upside attempts.

Crypto analyst Egrag Crypto said a historical fractal pattern could still be relevant, though he stressed that fractals are not predictive tools.

He estimated a 45% to 55% probability that the current structure develops in a meaningful way.

According to Egrag, the pattern has some validity due to a long accumulation phase, compressed volatility, and a price structure that broadly resembles past XRP cycles. He also brought to attention prior acceptance above a reclaimed level near $3.20 as a constructive signal.

However, he warned that similar chart shapes do not guarantee similar outcomes, particularly in a market now driven by derivatives activity, macro conditions, and ETF-related flows.

Resistance Band at $2.50 to $3.00 Stays the Upside Test

The analyst also flagged heavy resistance in the $2.50 to $3.00 range, which could limit upside even if XRP rebounds. 

Egrag said the most likely outcome is that the general direction proves correct, but with reduced magnitude or delayed timing. He described the fractal as a roadmap rather than a promise, adding that price action should remain the primary guide.

Wyckoff Setup And What It Means?

Another analyst observed XRP’s earlier move near $2.30, predicting a possible “spring” phase directed at filling an October wick during reaccumulation. 

If the Wyckoff schematic continues to play out, the analyst said a broader bullish setup could begin to form.

Related: Why XRP Is Falling Today — and What Could Come Next