Aktueller Standort:zraoxnews>Nachricht>What Will Be the Future of XRP, Which Has Been Underperforming Recently? Analysis Firm Provides Critical Information

What Will Be the Future of XRP, Which Has Been Underperforming Recently? Analysis Firm Provides Critical Information

ZRAOXNEWS
Cryptocurrency analysis company MakroVision has released a new report examining the current market structure of XRP. The report states that XRP is still in a downtrend and that tests at critical support levels are ongoing. MakroVision emphasized that XRP is stuck in a narrow price range and the bearish structure (red trend line) is still dominant. Currently, the 0.5 Fibonacci level of $2.13 is being tested for the third time. However, it was stated that there are no strong signals of a permanent trend reversal yet. Here are the highlights from the latest notes published by the analytics company: XRP has been trading within a clear bearish structure since the $2.65 level. The $2.35–$2.38 range is notable as both the region of high liquidity and the location of the last falling top. Upward attempts to this region have so far been limited to corrections. $2.13 (0.5 Fibonacci level): Tested for the third time, with each retest increasing the likelihood of a breakout. $2.03–$1.95 range: The area where horizontal support intersects with the region known as the “golden pocket.” In case of a break below these supports, the XRP price is likely to drop to the $1.55–$1.40 range. A strong break above $2.38 could revive XRP’s bullish momentum, otherwise the risk of a drop to lower levels remains on the agenda. *This is not investment advice. Continue Reading: What Will Be the Future of XRP, Which Has Been Underperforming Recently? Analysis Firm Provides Critical Information

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