XRP Price Retraces Gains; Key Support Levels Identified by Analyst

The XRP price has retracted following a rally triggered by Trump's announcement regarding its inclusion in the crypto strategic reserve. Currently, it is trading at approximately $2.32, down over 12% in the last 24 hours.

Key Support Levels

• $3.06717 identified as an all-time high and major supply zone
• $1.67220 as the critical support level for potential price corrections
• XRP confirmed a breakout above $0.73056 during the recent bullish move

The Relative Strength Index (RSI) has exited the overbought range. A return to overbought conditions would strengthen the bullish outlook for XRP.

Daily Timeframe Analysis

• Bearish divergence on the RSI observed within the price range of $2.02967 to $3.30467
• A break below $2.02967 could trigger deeper corrections toward key Fibonacci levels: 0.382, 0.5, and 0.618
• Breaking upward from the current range could lead to new highs, potentially reaching $4