XRP is currently experiencing notable market fluctuations, with indications of a potential decline to the 1.6 to 1.7 range following a brief relief rally. Analysts suggest that after reaching previous highs, XRP may retrace to its key accumulation zone around 1.65 before making a recovery to current levels.

Traders are advised to exercise caution during this volatile period and to avoid using leverage. In the broader market, Bitcoin’s dominance has diminished, losing significant support, which is expected to lead to a relief rally for altcoins.

• The overall altcoin market has shown bullish trends, breaking out of its value area high.
• It is aiming for the 0.618 Fibonacci level.
• Long-term forecasts indicate a bearish trend for USDT dominance, suggesting a potential altcoin season ahead.

Traders should closely monitor these developments, with specific entry points and targets provided for XRP trading strategies.

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