XRP (XRP) has been on a strong uptrend, but the price surge halted at $2.91 on December 3, indicating that the bulls are taking profits.
XRP/USDT daily chart | Source: TradingView
The first support on the downside is the 38.2% Fib retracement level at $2.28. If the price rebounds from this support level, the bulls will make another attempt to continue the uptrend by pushing the XRP/USDT pair above $2.91. If they can do so, this pair could soar to $3.84.
In contrast to this assumption, if the $2.28 support level is broken, this pair could drop to the 50% Fib retracement level at $2.09 and then to the 61.8% Fib retracement level at $1.90. A deeper pullback could delay the start of the next phase of the uptrend.
