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

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Bitcoinsistemi2025/02/16 21:00

By:Mete Demiralp

What is expected next for XRP, which has seen a big rally in its price with its recent breakthrough?

Cryptocurrency analytics firm MakroVision has released its latest update on XRP, 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.

XRP at a Critical Crossroads: Which Levels Need to Be Breached to Be Bullish? Which Levels Should Be Maintained To Avoid The Bear? image 0

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

*This is not investment advice.

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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