Ripple’s XRP is consolidating after peaking above $1.50 in August, forming a sequence of lower highs within a descending channel. The price is currently trading around $1.37, with key support at the $1.33-$1.34 zone, corresponding to the 0.5 Fibonacci retracement level. A breakdown below this level could push XRP toward $1.26, then toward the broader $1.22-$1.27 support zone and eventually the $1.09-$1.13 area. On the upside, XRP needs to reclaim the $1.40-$1.42 zone to target $1.45-$1.50, with the major resistance region sitting at $1.61-$1.70.
Source: Read the original article
