XRP Pulls Back After Reaching $1.66, Technical Analysis Suggests Room to Run

XRP has seen significant price action in recent days, surging to $1.66 before being rejected and entering a corrective phase.

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

The token's current price of $1.46 represents a 5.5% gain over the past 24 hours and a 19% increase over the past week.

The key support zone for XRP sits between $1.10 and $1.38, with intermediate levels at $1.38, $1.29, and $1.21.

Holding this zone is crucial to maintaining any near-term bullish scenario intact, and analysts warn that a break below $1.10 could lead to a deeper decline toward the $0.985-$0.486 long-term support zone.