$XRP has managed to stay above the $2 price mark in the first half of the year. The cryptocurrency, which has reached new record levels in the general upward trend that began in July, is now slowing down at a critical resistance point. XRP rose to $3.65 last week and turned the recent peak area at $3.3 into support. After showing a downward trend in the first half of the year, the cryptocurrency has started testing the Fibonacci expansion level boundary. Thus, for the continuation of the rise, $3.65 (Fib 1.272) has become significant. Movements towards this price level are still weak. However, if a daily close is formed above $3.65 in a new wave of demand, we might see XRP accelerate towards $4. Otherwise, the previous record price level of $3.3 will become crucial for maintaining the trend. As a result, this week, $3.65 could stand out as an important level for the continuation of the trend for XRP. As long as this level is not breached, there could be momentum towards $3.3 in possible profit-taking. This support point will also be closely monitored in potential pullbacks. If broken, a pullback towards $2.8–3 could be seen.

XRP-0.28%
EDEN2.09%
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