XRP Technical Analysis Released – Warning "Gold Pocket"

The cryptocurrency analysis company MakroVision has closely examined the price fluctuations of XRP. According to the technical analysis report released by the company, XRP has gained significant momentum in recent days and once again draws attention from investors. Analysis shows that XRP has increased by over 25% in value, bouncing off the Fibonacci retracement level of 0.382. Currently, the price of XRP is trading just below the important resistance zone of 2.65 dollars, according to Binance TR data. According to the analysis company, the price action continues to trend upwards with consecutive higher lows and highs. This emphasizes that momentum has increased upon breaking the $2.48 level, while the next target is $2.65 and the range referred to as the "golden pocket" is $2.73–$2.81. The level of 2.65 dollars has been tested. According to analysis, the likelihood of a breakout could increase if this level is tested again. Above this level, the gold pocket in the range of 2.73–2.81 dollars emerges as a strong resistance cluster. According to the analysis company, the short-term support level is $2.48, which is the first area to watch for a potential pullback. In the medium term, maintaining the orange support zone around $2.20 is crucial to sustaining the bullish structure.

MakroVision emphasizes that XRP provides strong technical prospects, but occasional pullbacks are healthy for the uptrend. The report states that maintaining the support zone around $2.20 is crucial for the continuation of the long-term bullish scenario.