XRP is currently trading at $0.53, after falling 18%. The altcoin bounced off support at the 38.2% Fibonacci Retracement, which coincides with $0.52. This support level is crucial for maintaining bullish momentum, and XRP could continue to rise from here.

The next important target for XRP is $0.55, which coincides with the 50% Fibonacci Retracement. Breaking above this level would open the doors for a rally to $0.59.