XRP is testing a key resistance zone around $1.40.

On Sept. 19 (local time), blockchain outlet The Crypto Basic reported that XRP rebounded from the lower end of a falling parallel channel and rose to $1.4074, the 0.382 Fibonacci retracement level. It said the next resistance band of $1.45 to $1.51 has come into focus.

The Fibonacci levels were set using $1.2522 and $1.7004 as reference points. The next resistance above the current price is $1.4592 at the 0.5 level and $1.5128 at the 0.618 level. The chart showed the next resistance zone between $1.459 and $1.513.

The area around $1.51 is where the 0.618 Fibonacci level overlaps with the 50-week exponential moving average. If XRP clears $1.5128 in a stable way, it could extend the move into a breakout above the $1.45 to $1.51 resistance zone. That would mean it needs to hold firmly above this range for the short-term rebound to have a chance of moving beyond a simple retracement.

XRP previously rebounded from the lower part of the falling channel and then moved in a near-rangebound pattern for about 5 weeks. This rise lifted the price from the $1.29 to $1.30 area to around $1.40, and it has again approached resistance near the upper boundary of the channel. The market focus is not so much the size of the rebound, but that it is continuing just below a medium-term resistance line.

The upside target zone was set at $1.7004. From the current price of $1.40, it would need to rise about 3 percent to reach $1.4592 and about 6.5 percent to reach $1.5128. After that, it would need to climb about 20 percent more to reach $1.7004.

On the downside, $1.4074 was presented as the first Fibonacci support level below the current price. A lower reference point is $1.2522, the bottom of this Fibonacci measurement. That narrows the key short-term levels to 4 points: $1.4074, $1.4592, $1.5128 and $1.7004.

In this setup, market attention is on whether XRP can break through the area where the channel top and Fibonacci resistance overlap. If it fails to clear resistance in the $1.45 and $1.51 areas in sequence, the recent rebound could remain within a limited range. If it holds above $1.5128, the next key upside reference on the chart shifts to $1.7004.

The key point is that XRP's upside potential hinges on whether it can break through specific resistance between $1.4592 and $1.5128. The technical inflection point has become clearer, especially as the Fibonacci level and the 50-week exponential moving average overlap near $1.51.