#Xrp🔥🔥 Token Eyes $0.55 Resistance.
On the 4-hour chart, the XRP token has held strong above the $0.50 key support level, last touched on May 15. Presently, XRP is situated around the 38.2% Fibonacci retracement level, which provides low-level support. As a result, the coin intends to challenge the $0.55 mark, which serves as its primary resistance level.
If this resistance is broken, XRP may target the 78.6% Fibonacci level, with the possibility of overcoming the critical resistance at $0.57, which was last tested in April. Conversely, if bearish sentiment prevails, XRP’s price might fall, finding support again around the $0.50 region. A breach of this support could lead to further declines, potentially targeting the May low.
Note: this is just an openion and analysis trade wisely and with your own risk...
