XRP Pulls Back After Reaching Resistance at $1.66

XRP's price has pulled back after being rejected near resistance at $1.66.

The token is currently trading at $1.46, up 5.5% over the past 24 hours and 19% over the past week.

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

Historically, XRP corrections after sharp rallies like this one have taken some time to play out rather than resolving quickly.

The support zone between $1.10 and $1.38 is being closely watched, with analysts seeing it as important for keeping any near-term bullish scenario intact.

A break below $1.10 would open the door to a deeper decline toward a larger support area further down.