The post Will XRP Price Rebound? Analytics Company Shares Most Important Resistance and Support Levels appeared on BitcoinEthereumNews.com.

Cryptocurrency analytics firm MakroVision has released its latest assessment of XRP, identifying key resistance and support levels as the asset attempts to regain bullish momentum. After a sharp sell-off, XRP has recovered rapidly and is currently trading just above $2.40. However, MakroVision warns that XRP needs to break through critical resistance zones for the trend to reverse sustainably: $2.65: A strong resistance level that needs to be reclaimed. A break above this level could be the first bullish signal. $2.80: This is a significant breakout level, in line with the red trendline. A successful move above could open the way to $3.06. According to the analytics firm, if XRP fails to break the resistance, it could retest lower support zones: $2.27 (0.5 Fibonacci retracement): The price has already reacted to this level, which holds the position as a key near-term support. $2.10 (0.618 Fibonacci retracement): If there are further declines, this area could act as a strong base. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/will-xrp-price-rebound-analytics-company-shares-most-important-resistance-and-support-levels/

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Filed under: News - @ February 8, 2025 9:22 pm