XRP is encountering resistance at a key Fibonacci level and may see further pullback, potentially falling to $1.01 and $0.67, analyst Novi Fionacci noted. Earlier this week, XRP faced strong selling pressure and retreated near $1.60, a level highly consistent with the 0.618 Fibonacci retracement level. The downtrend may continue, with Fibonacci tools indicating that XRP could fall to $1.01 and $0.67. These price levels have significant historical importance for XRP's price action, as it failed to break through these significant resistance areas from 2022 to November 2024. A rebound from this area could see XRP rise back to the 0.50 Fibonacci level of $1.97, implying a 36% upside from current prices. Recent clear statements from regulators regarding its classification have boosted confidence that XRP will rebound after testing support levels.