XRP is extending a short-term bearish trend, and three key zones that could determine its next direction are drawing attention.

On Sept. 17 (local time), blockchain outlet The Crypto Basic reported that XRP was trading around $1.29, sitting at a crossroads between major support and resistance levels.

The first area the market is watching is $1.24 to $1.26. This range was presented as a level where selling pressure directly acts in the short term. XRP earlier rose to around $1.50 to $1.55 during an August upswing but failed to hold that level. It then slipped below several intermediate Fibonacci retracement levels, raising the likelihood of testing deeper support.

The next key zone is $1.09 to $1.11. On the chart, this area overlaps a macro 0.786 Fibonacci level of about $1.085 and about $1.091 from another retracement structure. If XRP maintains demand around here, a structure that holds a higher low than the August low remains in place.

If buying interest fails to hold around $1.10, attention shifts lower. The next support zone is $0.86 to $0.94. It includes a macro 0.854 retracement level of about $0.862 and $0.94, a key bottom-forming area in August. If the price falls into this range, the pullback on the recent rise would widen, and the uptrend structure could be reassessed starting from a new low.

On the upside, a rebound scenario also remains possible. For XRP to break out of bearish pressure, it must first reclaim $1.34, then clear $1.43 and $1.53 in sequence. The most important resistance zone is $1.63 to $1.65. This area overlaps a macro 0.618 resistance line with a past supply zone.

It was assessed that simply touching this resistance band and breaking through it and turning it into support are entirely different structures. It means that even if a pullback follows, confirming $1.63 to $1.65 as support could further strengthen a bullish structure.

Momentum indicators are still mixed. The relative strength index (RSI) is at 35.49, while its average was presented around 49.79. The gap between the two points to weakening short-term momentum, but it was also noted that it has not yet reached the extreme levels seen during past sharp declines. This means there is room for the price to test lower support levels further until it produces signals similar to prior exhaustion phases.

The recent five-candle pattern also shows that a return to buyer dominance has not yet been confirmed. Even when rebounds occurred, candle bodies did not extend strongly, and upper wicks formed on each upward attempt as supply continued to emerge. The renewed widening of recent losses is also read as a sign that, on a four-hour basis, control has not yet returned to buyers. For this flow to change, XRP would need to reclaim intermediate Fibonacci levels rather than continue slipping below them.

Structurally, the rise that began around $0.94 in August and the rapid expansion to the $1.50 range were interpreted as a move that broke out of a prior accumulation phase. The subsequent correction was presented as a stage testing whether that rise can develop into a more sustained upward structure.

Ultimately, the key reference points on the current XRP chart narrow to three areas. $1.09 to $1.11 is the first macro support zone, $0.86 to $0.94 is deeper structural support, and $1.63 to $1.65 is key resistance that must be cleared for a future bullish shift. XRP is now seeking direction between these major zones.