XRP Price Prediction: As Bitcoin price grapples with resistance at the $38,000 mark, a ripple effect is seen across the altcoin market, triggering a correction phase in several major cryptocurrencies. XRP, in particular, has not been immune to this trend, witnessing a 17.9% decline over the past two weeks, bringing its current trading price to around $0.6. Despite this setback, the coin’s position within the Fibonacci retracement levels suggests the overall bullish trend remains unbroken
Also Read: XRP Relisted on Top Exchange After 22 Months Hiatus
Is Current Retracement Healthy?
A correction below 61.8% Fibonacci retracement level reflects projecting weakening bullish momentum.
The XRP price above 100-and-200-day accentuates the overall trend and remains bullish.
The intraday trading volume in the XRP is $1.6 Million, indicating a 6.2% loss.
Source: Tradingview
The Daily time frame Chart of XRP price illustrates a notable rally from October to November, where its value climbed from
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