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XRP Sees First Major Pullback Since November

XRP has dropped 20% from its recent top of $2.90, marking its first major pullback since November.

Key Statistics
- Recent top: $2.90 (Dec 3)
- Weekly low: $1.90 (20% pullback)
- Fibonacci retracement levels: $1.41-$1.69

Market Analysis
XRP's pullback is driven by profit-taking and shifting market sentiment. Spot flows show increased outflows, while derivatives data indicates growing sell pressure.

Key Takeaways
- XRP's 20% pullback marks a shift in market sentiment.
- Fibonacci levels suggest potential support at $1.41-$1.69.
- Traders should prepare for extreme volatility.