Cryptocurrency analytics firm MakroVision has released a new chart analysis for Ripple (XRP), suggesting that the token is at a critical technical juncture following a breakout from a long-standing downtrend.
After months of bearish price action, XRP has managed to push above a major descending trendline—sparking hopes of a bullish reversal. But analysts caution that the market is now in a “testing phase” that will determine whether the move is sustainable or simply a bull trap.
$2.03: Make-or-Break Zone
According to MakroVision, XRP is currently trading near $2.03, where the broken trendline is being retested. This level is viewed as key structural support—a successful retest could validate the breakout and set the stage for a fresh upward leg.
📊 #XRP Chart Update – Retest oder erneuter Fehlausbruch?
XRP steht erneut an einer markanten Stelle: Nach dem Ausbruch über die rote Abwärtstrendlinie folgt jetzt der Test von oben – ein klassischer Retest oder nur ein bullisches Fehlsignal?
🔍 Aktuelle Lage im Überblick:
1️⃣… pic.twitter.com/GWof6IdpBe
— MakroVision Research (@MakroVisionDE) April 18, 2025
Should XRP hold above $2.03, analysts believe it would strengthen the bullish outlook. However, a breakdown below $1.96, the last major structural support, could undermine momentum and reintroduce selling pressure.
Resistance and Fibonacci Targets
MakroVision highlights the following key resistance levels if the uptrend holds:
- $2.20 – $2.23: First major resistance zone
- $2.29: 0.382 Fibonacci retracement level
- $2.48 and $2.65: Short-term upside targets
- “Golden pocket” region: Becomes viable if XRP breaks $2.65
Final Word from Analysts
“XRP is showing strength again,” MakroVision noted. “However, this time its durability is being tested. If it can hold above $2.03, it could be a strong bullish sign. Otherwise, a drop below this level could put selling pressure on investors.”
The coming days could prove decisive for XRP’s medium-term trend. Traders and investors are watching closely as the token tests one of its most important price zones of 2025.
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-retests-key-level-after-breakout-heres-what-comes-next/