XRP Breaks Down Trend, Potential for Further Gains Identified

Recent analysis by MakroVision reveals that XRP has decisively broken its long-term downtrend and surpassed key resistance levels, fueling positive market sentiment. This breakthrough was validated by a successful backtest, solidifying the reversal’s stability. Notably, the recent break above the previous lower high marks the first significant bullish signal after months of suppressed momentum. The firm identifies critical levels to watch: $2.48 as the most significant resistance and $2.03 as support. These levels align with a 50% Fibonacci retracement level and a prior lower high, respectively.