XRP has started the new year with a 1.5% decline over the past 24 hours, trading at $1.84. The cryptocurrency has been fluctuating within a narrow range of $1.81 to $1.88, indicating consolidation and a lack of clear directional movement. Despite a 1.7% decrease over the past week, XRP has shown a 0.5% gain over the last 14 days, suggesting some resilience in the longer term.
The immediate resistance for XRP is at $1.88, a level where it has faced repeated rejections. The asset is currently hovering around $1.8398, with strong resistance near the 0.236 Fibonacci level at $1.89. If XRP breaks above this level, the next resistance target is at $1.968. On the downside, key support lies at the 0 Fibonacci retracement level at $1.77. Failure to defend this support could lead to a test of the next support level around $1.72.
XRP Faces Key Resistance at $1.89 Amidst Modest Decline
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