XRP's Price Pulls Back Below $1.53, Tests Support Levels Around $1.42
XRP's recent price action has brought attention to its support levels, particularly after slipping below the $1.53 Fibonacci retracement.
According to CoinMarketCap data, XRP traded near $1.48 at the time of writing, following a pullback that has reached deeper supports.
The 38.2% Fibonacci retracement lies near $1.42-$1.43, where the rising diagonal support line also approaches, giving this range more significance than either reference would have on its own.
Coindoo previously examined XRP's encounter with a familiar resistance area near $1.60 and how it broke above that range to reach a local high near $1.70.
The pullback has shifted attention from upper-range resistance to the supports XRP recovered during the September advance, leaving room to view the current decline as a correction for now.