XRP at a Critical Crossroads: Which Levels Need to Be Breached to Be Bullish? Which Levels Should Be Maintained To Avoid The Bear?

Bitcoin Sistemi 9 months ago 404

Cryptocurrency analytics firm MakroVision has released its latest update on XRP ($2.23), revealing signs of a potential breakout. After a strong rally, XRP has broken through key resistance levels and is now testing a critical downtrend line.

According to MakroVision, XRP recently broke through multiple resistance levels and is currently positioned at the red downtrend line, a key level to confirm a direct bullish reversal.

According to analysts, the key price levels on the XRP chart are:

$2.80: A major resistance cluster that lines up with the trend line and liquidity zone. A break above this level could trigger strong bullish momentum.
$3.06: A key price level tied to previous lower highs. Clearing this area would confirm a bullish market structure.
$2.65: First strong support in case of a pullback.
$2.48: If XRP fails the trendline, this area could act as the next major support for stabilization.

Related News: Positive Development in US Relations with Tether: Company Starts Cooperation with the US for Stablecoin Act

At the time of writing, the XRP price is trading at $2.75.

*This is not investment advice.

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