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XRP Retraces to 50% Fib Level as Bitcoin Struggles to Reclaim Range Low

The writer's opinion is presented and it is not financial advice. XRP's value has remained above $0.65 after a legal win against the US SEC, leading to a sharp upswing. However, XRP has retraced to the 50% Fib level due to the weakening of Bitcoin. The 50% Fib level has been a crucial rescue for bulls during the past two price pullbacks, and if the trend continues, bulls could see respite near this level.

Bitcoin Bitcoin $98,441.14
+1.03%
XRP SEC Bitcoin
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