XRP Tests Key Resistance Zone Around $1.40

XRP has rebounded to around $1.40 and is testing its key resistance zone.

This comes after blockchain outlet The Crypto Basic reported that XRP had risen from the lower end of a falling parallel channel to $1.4074, which is at the 0.382 Fibonacci retracement level.

The next resistance band for XRP has come into focus between $1.45 and $1.51, with specific levels at $1.4592 at the 0.5 level and $1.5128 at the 0.618 level.

Market attention is on whether XRP can break through the area where the channel top and Fibonacci resistance overlap, particularly around $1.51.