XRP Faces Crucial Resistance at $1.45-$1.51

XRP is currently trading around $1.42 after making a move from the lower boundary of a descending parallel channel.

The price has reached the 0.382 Fibonacci retracement at $1.4074, placing it directly above a key resistance area on the chart.

To reach the upper reference level of $1.7004, which is approximately 19.7% above its current price, XRP needs to break through two major resistance levels: $1.45 and $1.51.

The Fibonacci structure measured between $1.2522 and $1.7004 shows that the next retracement level after $1.4074 is $1.4592 at the 0.5 Fib, followed by $1.5128 at the 0.618 Fib.