XRP Price Pulls Back After Reaching Resistance at $1.66

The XRP price has been on an upward trajectory, rising by 19% over the past week to reach $1.46.

This increase follows a rally that pushed the token's price into resistance at $1.66 before reversing lower.

According to technical analysis, this pullback may still have room to run before the broader uptrend resumes.

A corrective phase has been indicated by chart analysis, suggesting that XRP is entering a period of decline after its recent surge.

Historically, corrections following such significant moves have taken some time to resolve rather than being resolved quickly.

The support zone under close watch sits between $1.10 and $1.38, with specific levels being tracked at $1.38, $1.29, and $1.21 as intermediate levels, and $1.10 as the lower boundary of the support zone.