XRP Breakout Tests Support Amid Recent Pullback

XRP's recent breakout remains intact despite a pullback in price.

The cryptocurrency is currently trading near $1.59, up about 6% over 24 hours, according to CoinMarketCap data.

A key test for the breakout lies at the $1.53 Fibonacci retracement level on the daily chart.

If XRP closes above this level, it would indicate that the initial pullback support remains intact and the recent high near $1.70 is still in view.

However, a close below $1.53 would move XRP into a deeper pullback, placing the $1.40-$1.43 cluster under closer scrutiny.