Will XRP Price Recover? Analysis Company Shares the Most Important Resistance and Support Levels!

Cryptocurrency analysis firm MakroVision has published its latest assessment of XRP, identifying key resistance and support levels as the asset attempts to regain upward momentum.

Following a sharp sell-off wave, XRP quickly recovered and is now trading just above $2.40. However, MakroVision warns that for the trend to consistently reverse, XRP needs to surpass critical resistance zones:

• $2.65: A strong resistance level that needs to be reclaimed. A breakout above this level could be the first signal of an uptrend.
• $2.80: This level, which is in line with the red trend line, is an important breakout level. A successful move above can open the way to $3.06.

According to the analysis company, if XRP cannot break the resistance, it may retest lower support levels:

• $2.27 is the 0.5 Fibonacci retracement: The price has already reacted to this level, indicating it as a significant short-term support.
• $2.10 0.618 Fibonacci correction (: If more decline occurs, this area can serve as a strong support base.