XRP price analysis XRP  has pulled back in a stro

XRP price analysis

XRP  has pulled back in a strong uptrend, indicating profit booking by the bulls near $3.

The pullback is finding support in the range between the 38.2% Fibonacci retracement level of $2.28 and the 50% retracement level of $2.09. The bulls will try to push the price toward $2.91 but are likely to face solid selling by the bears.

If the price turns down and breaks below $2.09, it will suggest the start of a steep correction. The XRP/USDT pair could slump to the 20-day EMA ($1.79). A deep pullback could be followed by a period of consolidation as both the bulls and the bears regroup before the next trending move.