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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

XRP Retests Key Level After Breakout—Here's What Comes Next

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

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Other articles published on May 20, 2025