What Lies Ahead for XRP? Analysis Firm Shares Levels That Must Be Watched Closely

Cryptocurrency analysis firm MakroVision has shared the updated technical outlook for XRP. The company noted that the asset has been in a correction process for months after a strong rally to above $3.

66, with the price stuck in the $2. 80-$3.

38 range. Analysts believe the key support level is $2.

80. Breaking this level could lead to a pullback to $2.

65 or even $2. 48, as these areas are critical for reaching Fibonacci retracement targets.

Related News: The Big Day is Tomorrow: The Fed Will Unveil Its Interest Rate Decision - Here Are the Latest Expectations On the resistance side, a sustained move above $3. 06 could generate short-term momentum, potentially leading the price back toward the $3.

38 range. However, only a sustained break above this level would confirm a new bull trend.

MakroVision stated that XRP is in the process of consolidation at high levels and that the current horizontal structure may herald a critical break that will determine the direction in the coming days. At the time of writing, XRP is trading at $3.

04. *This is not investment advice.

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