The Collapse or Rally in XRP is Tied Up to These Levels! Analyst Company Identified Critical Levels!

Cryptocurrency analysis firm MakroVision has provided an updated assessment of XRP’s price action and shared the ongoing bearish pressure and key resistance levels.

According to the analysis company, XRP was once again rejected from the resistance point and remained under selling pressure. The critical resistance range of 2.58 – 2.65 dollars was not surpassed, indicating that the weakness in the market continues.

According to MacroVision analysts, XRP continues to confirm the dominant downtrend by creating lower peaks. A drop below $2.19 has brought the short-term bearish outlook back into focus.

The recent upward price movement appears to be corrective in nature, and a breakout above $2.65 is needed to confirm sustained strength.

Analysts have identified key points for the XRP price as follows:

• 2.22 dollars: A short-term trigger level for a potential recovery.
• $2.58 – $2.65: A critical resistance cluster consisting of horizontal resistance and the 0.5 Fibonacci retracement level. XRP has repeatedly failed to rise above this zone, reinforcing its importance.
• A break above 2.65 dollars could positively alter the technical outlook.
• 2.03 dollars: Although this level is under increasing pressure, it still remains an important support level.
• 1.54 – 1.40 dollars: A significant area that includes the Golden Pocket Fibonacci retracement and represents the next downward target if 2.03 dollars fails.

At the time this article is written, the XRP price is trading at $2.12.

According to analysts, as long as the support at 203 dollars holds, a recovery continues to be possible. However, without a definitive break above 2.65 dollars, XRP may remain trapped in a broader downtrend.