XRP price is sitting close to support at the 78.6% Fibonacci retracement level at $0.6886. The altcoin’s price is $0.6981, trading in a range between $0.6886 and $0.7440. Technical indicators suggest upside, the altcoin could wipe out losses with positive momentum.
The bars on the Moving Average Convergence/ Divergence (MACD) indicator and the Awesome Oscillator (AO) are flashing green, suggesting that bulls are gaining ground. The altcoin’s uptrend is intact and if bulls have their way, XRP price could make a comeback to the 2024 high of $0.7440 and target the November 2023 peak of $0.75 next.
In a dire case scenario, XRP price could sweep support at the key Fibonacci retracement level of 61.8% at $0.6452. A daily candlestick close below this level could result in a decline to the Fibonacci retracement of 50% at $0.6147, before the altcoin begins its recovery.
