MakroVision, a leading market analysis firm, has identified a strong shift in XRP’s technical outlook.
According to the firm, XRP has decisively broken its prolonged downtrend and surpassed several key resistance levels, reigniting positive sentiment in the market.
Analysts highlight that the recent breakout was confirmed by a successful backtest, reinforcing the stability of the reversal. Notably, the break above the previous lower high is being seen as the first serious bullish signal after months of suppressed momentum.
Critical Levels to Watch: $2.48 Resistance and $2.03 Support
MakroVision emphasizes that the $2.48 mark is the most critical resistance level in the current structure. This zone aligns with the 50% Fibonacci retracement level and a previous lower high. A breakout above this level could open the door to the next target at $2.65, coinciding with the so-called “Golden Pocket” area identified in broader market structure.
On the downside, the $2.23 level—formerly a resistance—has turned into support. Analysts caution that if a pullback occurs, XRP must hold above $2.03 to maintain the integrity of the bullish structure.
MakroVision’s Final Take
“XRP is showing clear signs of a trend reversal. However, the $2.48 level must be breached for the upside to continue. This area is key for the market to regain strong upward momentum,” the firm stated.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-breaks-long-term-downtrend-key-level-to-further-gains-revealed/