According to the analyst, this sets the stage for a full Wave 4 relief to begin. She pointed out that the first resistance to watch is the 0.382 Fibonacci Retracement level at $1.78, which also coincides with a previous support breakdown and could serve as a backtest of resistance.
What Happens If Support Fails CasiTrades said that XRP’s bullish scenario will only be confirmed once it breaks through the key resistance level. The accompanying chart highlights the potential downside of support failing, projecting a roughly 8% decline from $1.60 to $1.47.
