XRP Market Update

Cryptocurrency analytics firm MakroVision has released an update on XRP, assessing its current market position and potential for a breakout.

According to the latest assessment, XRP is again approaching key resistance levels and testing critical trend lines.

The analytics firm notes that XRP is struggling against the descending trendline and the $2.48 resistance. A successful break above this level could signal an early bullish trend. Maintaining support between $2.19 and $2.23 is crucial to continue short-term bullish momentum.

Critical Price Areas for XRP:

• $2.48 – $2.65: A key resistance zone. A confirmed break above $2.65 could attract more buyers and strengthen bullish sentiment.
• $2.80-$3.06: Another resistance area where XRP might face selling pressure. A sustainable breakout here could indicate a strong bullish reversal.
• $2.03: A vital support level. Dropping to this price may suggest weakness and a bearish outlook.
• $1.54 – $1.40: This “Golden Pocket” could be a target in the event of strong selling pressure.

At the time of writing, the XRP price is trading at $2.41, having gained 2.73% in the last 24 hours.

This is not investment advice.