What Will Be the Future of XRP, Which Has Shown Low Performance Recently? The Analysis Company Provided Critical Information

The crypto analysis company MakroVision has published a new report examining the current market structure of XRP. The report states that XRP is still in a downtrend and that tests are ongoing at critical support levels.

MakroVision highlighted that XRP is trapped in a narrow price range and the bearish structure around the (red trend line) is still dominant. The $2.13 area, which is the 0.5 Fibonacci level, is being tested for the third time. However, it was stated that strong signals for a lasting trend reversal have not yet emerged.

Highlights from the latest notes published by the analysis company are as follows:

• XRP has been progressing within a clear get dumped structure since the 2.65 dollar level.
• The range of 2.35–2.38 dollars draws attention both as a region with high liquidity and as the location of the last fallen peak. So far, attempts to rise in this area have been limited to corrective movements.
• 2.13 dollars (0.5 Fibonacci level ): Being tested for the third time, each repeat increases the likelihood of a breakout.
• The range of 2.03–1.95 dollars: The area where the region known as "Golden pocket" intersects with horizontal support.
• In the case of a breakdown below these supports, the XRP price is likely to decline to the 1.55–1.40 dollar range.
• A strong breakout above 2.38 dollars could create renewed upward momentum for XRP. Otherwise, the risk of XRP getting dumped to lower levels will remain on the agenda.

*It is not investment advice.

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