CasiTrade’s chart shows that XRP has reached a critical support zone around $2.07-$2.10, aligning with the 0.618 and 0.5 Fibonacci levels, respectively. So far, XRP has held on firmly to this zone, with the $2.10 support level successfully defending through the daily close.
The $2.07 is packed with technical significance, aligning with the 0.618 Fibonacci Retracement of a full move up, the 1:1 extension of Wave C, and the 0.618 sub-wave projection. Based on the analysis, these overlapping Fibonacci levels mark a likely reversal zone.
Featured image from Unsplash, chart from TradingView
