A technical support level at $1.25 has become the focal point for XRP traders as large holders weigh accumulation strategies against a looming regulatory vote in Washington. The token has settled into a range between $1.40 and $1.45 after an August surge that carried it from roughly $1.00 to a local peak near $1.70.

The $1.25 mark represents more than a round number. It aligns with two widely followed technical indicators: the middle Bollinger Band on weekly charts and the 0.5 Fibonacci retracement of the August advance. That convergence has turned the level into a structural pivot where a routine pullback could either attract fresh buying or signal a deeper deterioration in market confidence.

TradingView data places the threshold…