XRP Rally Hits Resistance: Healthy Pullback or Trend Reversal?
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XRP recently surged to $3.65, capping off a powerful +90% rally. However, the asset has since undergone a 20% pullback, which remains within a technically healthy correction range, according to a report by MakroVision Research.
Current market structure
- The $3.06 level remains a major resistance and a key technical marker.
- The recent retracement landed precisely within the green Fibonacci retracement zone—with the 0.382 level at $2.99 and 0.5 level near $2.79.
- This puts the $2.80–$2.99 range in focus as a critical short-term support zone.
Key risk level
MakroVision highlights that a break below the $2.65 zone would undermine XRP’s bullish structure and momentum, potentially triggering further selling pressure.
Market outlook
Despite the short-term correction, XRP continues to show strong bullish signals. As noted by MakroVision, this moment represents the first real support test for the asset. The big question: Can the support hold, or is further downside coming?
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