Can Ripple get back above $1?

Leaving aside the short term gyrations for a change, this update is having a brief look at the longer term price action of the leading alt coin, Ripple (XRPUSD). The drop back from the 2021 high at $1.9648 delivered a low at $0.5103, and since then the recovery has been limited this side of $0.8500. There is in place a first minor Fibonacci retracement level at 0.8536 which appears to have been capping a further rebound. Funnily enough as this update is being typed the price is moving suspiciously close to that level now. It has just risen to a fresh high on the day at 0.8494 a few moments ago. If it can get above that 0.8536 level then that might open a path to the first major objective, which is a 38.2% retracement of the whole 2021 drop. That is in place at 1.0659 and would be a more consistent target in the first instance, provided it can first clear above this near side price point. XRPUSD is just now trading at 0.8470