CandleFocus XRP Price Signals Downside Correction: Is a Pullback Coming?
2024-11-20
Author: Content Editor
The XRP price is currently correcting its gains after failing to break above the resistance levels of $1.180 and $1.20. It has dropped below the $1.150 level and is underperforming compared to Bitcoin and Ethereum. The price is now approaching the 76.4% Fib retracement level, indicating further downside movement towards the $1.00 support. If the price fails to clear the $1.140 resistance level, it could continue to decline towards the $1.00 level and eventually the $0.980 support. On the upside, if the price manages to break above the $1.1850 resistance level, it could rally towards $1.200, $1.2250, and even $1.2320 in the near term. The key support and resistance levels to watch are $1.1040, $1.0000, $1.1400, and $1.1850. Technical indicators like the MACD and RSI are currently bearish.
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