- XRP reached the 0.382 resistance at $1.53 before pulling back to $1.44.
- Short-term support for XRP may hold at $1.30 if BTC dips.
- A Bitcoin drop to $52.2K could drive XRP down to $.87.
XRP has reached a key resistance level near $1.53, as chart data and market structure suggest further movement depends on Bitcoin’s next wave. Analyst PrecisionTrade3 outlines a possible drop to short-term support, followed by another push upward depending on Bitcoin’s path.
XRP Reaches Resistance Zone as Bitcoin Eyes a Pullback
XRP recently touched its 0.382 Fibonacci resistance around $1.53 before retracing to $1.44, based on chart data from Bitfinex. According to analyst PrecisionTrade3, this level marks a standard technical resistance, and future movement now depends on Bitcoin’s next wave. The RSI reading near 34 shows XRP entering oversold territory, adding to speculation around a short-term reaction.
Bitcoin, currently around $68,000, is expected to correct toward $65.8K before attempting a move toward $75.4K. If this move plays out, XRP may pull back to $1.30, which is identified as a short-term support. A rebound could then bring it back to $1.65, which now acts as resistance.
Deeper Support Levels Come Into View If Bitcoin Weakens Further
The scenario could shift if Bitcoin moves below current expectations. If BTC drops to the $52.2K level, XRP may decline further to its 0.786 Fibonacci support at $0.87. This level also aligns with the 0.618 extension of a larger wave structure and fills a gap left by a previous liquidity event.
Technical indicators suggest that XRP remains reactive to broader Bitcoin trends. The chart shows longer-term resistance zones between $1.65 and $1.82, but these would only become relevant if BTC resumes its upward structure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
