Cryptocurrency analytics company MakroVision has shared its updated technical assessment of XRP’s current market outlook.
The company stated that although there was a general recovery in the market, XRP continued to move within a significantly broader downtrend.
According to the analysis, a sustained breakout above the $2.48 level for XRP would be a move that would accelerate the uptrend.
MacroVision stated that the descending trend line at $2.48 serves as a crucial ceiling for any recovery movement.
Therefore, the analysis company stated that, from a purely technical perspective, the trend continues to be downward.
According to the company, although the technical outlook is bearish, the internal structure is showing an increasingly bullish trend.
In recent weeks, upward movements have become more impulsive, faster, and clearer. At this point, the downward momentum is clearly flattening, and the internal structure is creating upside potential.
However, a sustained breakout above XRP’s red trendline ($2.48) will remain the missing element to truly unlock this potential.
According to the company, unless this critical breakout occurs, XRP will continue to remain under technical downward pressure.
The company also listed the critical levels for XRP as follows:
- “Resistance: approximately $2.2 – $2.22 (strong short-term range)”
- Breakout zone: A sustained breakout above $2.48 would be a strong signal from the bulls.
- Support: approximately $1.95 – $1.88 — this appears as a Fibonacci range + reaction zone.
Macrovision concluded that XRP is currently exhibiting a two-way approach, with the overall trend remaining downward but the internal structure showing an increasingly bullish bias.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/attention-analysis-company-warns-this-is-the-most-important-key-point-for-xrp-if-it-breaks-a-bull-run-will-begin/
