XRP's 61.8% Rejection Points To Deeper Retracement

XRPUSD is almost ready to takeoff, but true Support lies just a bit lower!!

Taking the Fibonacci Retracement Tool from the Low @ .28704 to the All Time High @ $3.66596, we can see XRPUSD has fallen below the 61.8% level @ $1.57779 and today, price attempted to break back up above this level but since has been rejected back down which suggests XRPUSD could see lower prices.

The 78.6% - 88.6% Fibonacci levels are known to be great areas to find Reversals in price and when looking at the chart, XRPUSD struggled at these price ranges from $1.01 - .67 as Resistance since 2022 until leading up to the Breakout of this level in 2024!

Could this area be where the Buyers await and the next best spot XRPUSD will find Support to start moving higher?!

March 17th, the SEC and CFTC ruled to classify 16 crypto assets as digital commodities and XRP has been listed as one of them. This "creates a shift in focus, from regulatory uncertainty to growth, participation and infrastructure buildout."
- tradingview.com/news/coinpedia:8f05e3db8094b:0-sec-cftc-crypto-commodity-list-2026-all-16-digital-assets-named-and-what-it-means/