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This Support Zone Will Decide XRP Next Move, Says Top Analyst

XRP’s price action has entered a defining phase, with recent movements centering around a pivotal Fibonacci retracement level. The 0.382 level, currently sitting near $2.1681, has continued to act as a focal point for consolidation, as highlighted in a recent post by crypto analyst CasiTrades (@CasiTrades).

The hourly chart shows a narrowing wedge formation, where the price repeatedly tests the retracement zone and responds with moderate volatility. This consolidation could be laying the groundwork for a decisive move.

CasiTrades noted that XRP “continues to respect the 0.382 retracement,” highlighting its significance in the current price structure. Multiple interactions with this level have not yet broken it down, implying the support remains structurally valid. The line marking this retracement has now become the short-term pivot around which bulls and bears are contesting the next move.

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