Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
XRP Stuck Between Key Levels as Market Awaits Breakout or Breakdown

XRP Stuck Between Key Levels as Market Awaits Breakout or Breakdown

CryptodnesCryptodnes2025/04/13 16:00
By:Cryptodnes

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.

READ MORE:
No Tokenized Future Without Digital IDs, Says BlackRock CEO

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.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Expert Predicts Sui Could Emulate Solana’s Meteoric Rise

In Brief Kaleo identifies Sui's market behavior as akin to Solana's past rise. Sui, Dogecoin, and Bitcoin show potential for significant growth. Social media influence could drive Dogecoin prices upward.

Cointurk2025/05/15 13:22
Expert Predicts Sui Could Emulate Solana’s Meteoric Rise

Pi Network Backs Startups with $100M Venture Fund

The funding comes from 10% of the tokens set aside for the Pi Foundation, a nonprofit organization designed to support Pi’s long-term growth and sustainability.

Cryptotimes2025/05/15 12:00