XRP Eyes Breakout as Analysts Highlight Key Price Levels
MakroVision, a cryptocurrency analytics firm, has identified strong breakout potential for XRP following its recent rally.
The asset has managed to surpass multiple resistance zones and is now approaching a crucial downtrend barrier that could determine its next major move.
Analysts point out that XRP’s recent price action suggests a bullish shift, but confirmation hinges on whether it can break through its current trendline.
If momentum continues, a move past $2.80 could signal further upside, as this level aligns with significant liquidity and a key resistance area. Should XRP clear $3.06, it would mark a shift in market structure, reinforcing a bullish outlook.
On the downside, support sits around $2.65, acting as a cushion in case of a pullback. If selling pressure increases, the next major zone for stabilization would be around $2.48.
How XRP reacts at these levels will determine whether its recent momentum leads to sustained gains or if another correction is on the horizon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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