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Cryptocurrency News Articles
XRP Retests Key Level After Breakout—Here's What Comes Next
Apr 19, 2025 at 10:00 pm
Cryptocurrency analytics firm MakroVision has released a new chart analysis for Ripple (XRP), suggesting that the token is at a critical technical juncture following a breakout
Cryptocurrency analytics firm MakroVision has provided an update on Ripple (XRP), suggesting that the token is at a critical technical juncture.
After months of bearish price action, XRP finally managed to push above a major descending trendline—sparkling hopes of a bullish reversal. However, analysts caution that the market is now in a “testing phase” that will determine whether the move is sustainable or simply a bull trap.
$2.03: Make-or-Break Zone
According to MakroVision, XRP is currently trading near $2.03, where the broken trendline is being retested. This level is viewed as key structural support—a successful retest could validate the breakout and set the stage for a fresh upward leg.
Should XRP hold above $2.03, analysts believe it would strengthen the bullish outlook. However, a breakdown below $1.96, the last major structural support, could undermine momentum and reintroduce selling pressure.
Resistance and Fibonacci Targets
MakroVision highlights the following key resistance levels if the uptrend holds:
• $2.15: This zone coincides with the 38.2% Fibonacci retracement from the March 2023 low to December 2024 high.
• $2.37: The 50.0% Fibonacci retracement provides another significant resistance level.
• $2.59: If the bulls manage to clear the 38.2% Fibonacci zone, the next target could be the 61.8% Fibonacci retracement.
Final Word from Analysts
“XRP is showing strength again,” MakroVision noted. “However, this time its durability is being tested. If it can hold above $2.03, it could be a strong bullish sign. Otherwise, a drop below this level could put selling pressure on investors.”
The coming days could prove decisive for XRP’s medium-term trend. Traders and investors are watching closely as the token tests one of its most important price zones of 2025.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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