XRP Faces Crucial Test at Key Fibonacci Levels

XRP has experienced a significant surge of nearly 50% over the past week, reaching a seven-month high near $1.50 and briefly becoming the fourth-largest digital asset by market capitalization.

The token now faces a critical technical crossroads, with multiple analysts pointing to key Fibonacci retracement levels as support or resistance zones.

CasiTrades notes that XRP is currently testing its macro 0.618 and 0.65 Fibonacci levels, with the three-hour chart showing a resistance zone between $1.53 and $1.64.

Analyst Diana believes that holding the approximately $1.42 to $1.30 range could lead to further growth, potentially up to $1.70, but losing $1.42 might trigger a pullback below $1.30.