Where Is XRP Price Headed, Bearish or Bullish? The analytics company shared the critical price levels that are a must-know

Cryptocurrency analysis firm MakroVision has published an update on XRP, assessing its current market position and the potential for a breakout. According to the latest assessment, XRP is once again approaching key resistance levels and testing critical trendlines.

According to the analytics firm, XRP is struggling against the descending trendline and the $2.48 resistance. A successful break above this level could be an early bullish signal. It is crucial to maintain the support range between $2.19 and $2.23 to maintain the short-term bullish momentum.

Here are the critical areas in XRP price, according to the company's analysts:

• $2.48 – $2.65: This is an important resistance zone. A confirmed break above $2.65 could attract more buyers and strengthen bullish sentiment.
• $2.80 – $3.06: An important resistance area where XRP may face selling pressure. However, if XRP manages to break out sustainably, it will indicate a strong bullish trend reversal. $2.03: An important support level could signal weakness and a bearish outlook if XRP falls back to this price.
• $1.54 – $1.40: This "Golden Pocket" can act as a target in case of strong selling pressure.

At the time of writing, the XRP price is trading at $2.41 and has risen by 2.73% in the last 24 hours.