Cryptocurrency analytics firm MakroVision has released an updated assessment of XRP’s price action, outlining key resistance and support levels that could determine where it will trend next.
MakroVision notes that XRP has managed to break above the falling trend lines but has yet to gain a solid foothold above $2.48. A decisive break beyond the 0.5 Fibonacci level at $2.58 could signal a bullish reversal.
The analytics firm listed the key price levels to watch for XRP as follows:
- $2.58 – $2.65: A critical zone; a breakout of this range could unlock further upside potential.
- $2.80 (Golden Pocket): A strong resistance level that could lead to price rejection.
- $2.19 – $2.23: A key support range; a pullback to this level would be considered normal. However, a breakout could weaken XRP further.
- $2.03: A critical threshold; falling below this level would increase the risk of a deeper sell-off.
MakroVision notes that although XRP is showing early signs of a bullish reversal, a clear break above $2.65 is needed to confirm the uptrend.
At the time of writing, the XRP price is trading at $2.38.
*This is not investment advice.
