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XRP Monthly: Key Technical Levels Worth Watching
The previous resistance zone has now flipped into support—a classic reversal signal. A double top pattern is clearly forming on the monthly chart, though it doesn't automatically mean a breakdown is coming.
Here's what matters: as long as XRP holds above the 0.786 log Fibonacci level, the technical setup remains constructive. Without that support giving way, there's no immediate urgency.
Right now, the price is essentially consolidating between the 0.786 and 0.886 log Fibonacci range. Think of it as a holding pattern—the market is deciding which way to break. Keep an eye on whether XRP respects these fibs on any pullback. If it does, you're still in a fair position. If it doesn't, that's when the picture gets messier.