XRP Sweeps Sept. 16 Lows as $1 Fair Value Gap Comes Into Focus

$XRP has swept the Sept. 16 lows and rebounded from a key fair value gap, but the broader structure still leaves room for another decline toward the $1 region if buyers fail to reclaim lost resistance.

$XRP currently trades around $1.28, recovering from the latest test of the lower $1.20s. The bounce comes after price pushed beneath the previous September low, taking out liquidity that had remained untouched for several weeks.

The sweep creates the conditions for a short-term reaction, but $XRP still needs to recover higher fair value gaps before the move can be treated as a meaningful reversal.

$XRP Sweeps the Sept. 16 Low

The most important development is the move beneath the horizontal low that had remained intact since Sept. 16.

In technical terms, those lows represented a pool of liquidity beneath the market. $XRP briefly traded through that area before rebounding, effectively clearing the previously unswept low.

The reaction places $XRP back above the lower boundary of an immediate fair value gap around the mid-$1.20s.

A fair value gap, or FVG, is an imbalance created when price moves rapidly enough that adjacent candles leave an area with relatively little two-way trading. These zones can later attract price as the market attempts to rebalance the earlier move.

$XRP’s latest recovery follows another test of the broader $1.10-$1.29 support region, which has also been identified in recent technical structures as a key area for the next larger move. $XRP faces a second test of key support

Current Bounce Still Needs Confirmation

The first overhead FVG sits immediately above current price, roughly around the $1.27-$1.32 region.

Reclaiming and holding this area would be the first indication that the sweep has produced more than a temporary relief move.

That level also overlaps with recent resistance. $XRP previously emerged from an unusually tight volatility compression around $1.25, with $1.27 identified as the first bullish confirmation level. $XRP’s recent Bollinger squeeze setup

Above that, another larger imbalance remains around approximately $1.42-$1.49.

$XRP would need to recover both areas before the structure begins to resemble a sustained trend reversal rather than a bounce within the broader decline.

A larger horizontal resistance area also sits around $1.54-$1.56, where previous rallies encountered substantial selling pressure.

Lower FVG Extends Toward $1

The downside structure remains important because the largest unfilled fair value gap on the chart stretches from roughly the low-$1.20s toward the $1 psychological level.

That creates a sizeable zone beneath current price where another decline could potentially find support.

From the current price near $1.28, a move to $1 would represent a decline of approximately 21.9%.

This area also overlaps with other bearish $XRP scenarios. The Crypto Basic previously highlighted lower support around $1.10 and a conditional move below $1 if key support fails.

At the same time, a separate Elliott Wave structure has placed the $1.20-$1.25 region near the potential end of a larger correction, showing why the current area remains an important battleground.

For now, the Sept. 16 liquidity sweep has produced the reaction expected from a key support region, but $XRP has not yet reclaimed enough territory to confirm a bottom.

The next observable test is whether $XRP can hold above the swept lows and reclaim the $1.27-$1.32 FVG. Failure to do so would leave the lower imbalance—and potentially the $1 region—open for another test.