XRP Price Prediction: Holding Above This Level Is Key

XRP price trading at $0.51 is just at the 23.6% Fibonacci Retracement of $0.73 and $0.42. This Fib level is also known as the bear market support floor. The reason behind this is that as long as this support is not broken, the crypto asset still has a chance at noting a recovery.

However, given the bearishness noted among the investors, it seems probable that the XRP price could fall through this support. This would result in the altcoin falling to test $0.47 as support, which will mark an 18% decline as the Ripple token hits the support of $0.42.