XRP Stuck Between Key Levels as Market Awaits Breakout or Breakdown
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XRP is currently navigating a pivotal moment, according to a new report from crypto analytics firm MakroVision. While the broader downward trajectory hasn’t reversed, the asset appears to be entering a phase of consolidation.
Analysts at MakroVision highlight that XRP is struggling to decisively move beyond a key resistance zone between $2.19 and $2.30.
This price band, which also aligns with the 0.382 Fibonacci retracement level, is proving difficult to surpass. A breakout above this barrier could set the stage for a push toward the $2.50 mark.
On the downside, immediate support lies between $1.90 and $2.00. If XRP fails to hold this level, the price could slip back toward its recent lows, further strengthening the ongoing bearish trend.
At this point, MakroVision considers XRP to be in a technical decision zone. Whether it breaks out to the upside or slides further downward will likely define its short-term trajectory.
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