XRP Faces Potential Pullback Toward Key Support Levels
- XRP is currently trading below a significant resistance level near $1.65, with potential support at $1.27 and $1.10.
- Crypto analyst CasiTrades suggests XRP might skip a final rally to $1.70 and head directly toward the $1.27 support zone.
- A stronger breakout could see XRP rise to approximately $1.80, potentially flipping the $1.65 resistance into support.
- XRP futures turnover on Binance, Bybit, and OKX reached about $56.18 billion in September.
The current analysis indicates that XRP’s trading range is narrowing as it approaches a potential turning point, with key levels identified for both support and resistance based on Fibonacci retracement levels.
While a move toward $1.70 remains possible, the focus is on whether XRP will hold its ground at the identified support zones of $1.27 or $1.10 to maintain its broader bullish structure.(Source)
