Cryptocurrency analytics company MakroVision has shared its latest technical assessment of XRP. The company stated that XRP is currently trading within a significant price range and is once again approaching a critical resistance level.
According to MacroVision, XRP has shown signs of recovery after the recent pullback, moving upwards again within a significant short-term price range. The $1.54 level is particularly noteworthy, being described as a critical threshold for the market.
Looking at the technical structure, it was noted that the overall outlook has not yet fully gained strength. XRP is still trading below significant resistance levels, and therefore exhibits a weak performance in the long term. However, the short-term price movement could be interpreted as an attempt to form a bottom after a sharp decline. According to the analysis, the range between $1.32 and $1.55 is currently the decisive factor.
MacroVision identified the $1.32 level as a critical support against downside risks. It stated that if XRP manages to stay above this level, the current stabilization process could continue, but warned that a break above this level could lead to renewed selling pressure.
In the upward scenario, the $1.55 level stands out as the first significant resistance. A strong break above this level would increase the likelihood of the price moving towards the $1.82 region. Analysts argue that for the medium-term outlook to turn positive again, this upper band must also be broken.
MakroVision, noting that the most critical development in the upcoming period will occur at the $1.55 level, stated that a clear break above this level could initiate a stronger recovery in XRP. Conversely, it was stated that if the price is rejected again from this region, downward pressure could rapidly increase. Furthermore, it was noted that if XRP closes below $1.32 for two consecutive days, the current recovery scenario could become invalid, and lower levels could be retested.
*This is not investment advice.