Cryptocurrency analytics firm MakroVision has shared an analysis assessing the current technical outlook for XRP. According to the analysis, even if XRP While the economy shows limited signals of recovery in the near term, the overall technical structure still carries downside risks.
The MacroVision evaluation indicated that the XRP The price continues its technically weak trend and is once again trading within the critical Fibonacci zone, also known as the “golden pocket”. Analysts noted that the downtrend is still alive, but the downside support zone is gradually weakening.
In the short term, XRP reportedly attempted to hold the green Fibonacci zone between $1.82 and $1.88. At these levels, limited buying interest emerged as momentum from previous sell-offs subsided. If this zone holds, the price could enter a period of sideways consolidation or attempt a technical recovery.
However, a cautious attitude is maintained regarding the medium-term outlook. MacroVision argued that XRP remains below the main downtrend line and previous recovery attempts have been met with selling pressure. According to the analysis, it is difficult to talk about a significant improvement in the medium-term outlook without a sustainable breakout above the $2.48 level.
Regarding resistance levels, it was noted that if the $1.96 to $2.05 range was breached and this zone was successfully retested, a move towards $2.20 could emerge in the near term. However, it was also noted that the main downtrend continues to act as strong resistance even above these levels.
In a negative scenario, if XRP falls below its current support zone, the 0.786 Fibonacci retracement level around $1.69 may become the new target.
MacroVision, in its overall assessment, stated that XRP is still in a clear downward trend, but there are early signs that the downward pressure is starting to weaken. According to analysts, the $1.82-$1.88 range is critical in the short term, while a true trend reversal requires stronger price momentum and victory over major resistance groups.
Hourly chart showing recent price movements in XRP.
*This does not constitute investment advice.
