Is the Road for XRP Bullish or Bearish? The Analysis Company Shared the Target and Areas to be Protected.

The crypto analysis company MakroVision painted a promising picture in its latest technical analysis published for XRP.

In the company's assessment, it was argued that the structure formed, despite the downward trend in recent weeks, indicates a strong potential for an upward movement.

According to the analysis, XRP formed a classic bull flag pattern during its recent decline, and this structure broke upward yesterday. At the same time, the XRP price rose above the significant technical level of 2.23 dollars, indicating that the bulls have taken control again.

According to the analysis company, XRP quickly recovered from the lower boundary of the downtrend channel. The broken downtrend during this recovery is signaling a renewed strengthening in the market. The increase in upward momentum is a technically bullish development.

MakroVision shared important levels for XRP as follows:

• The $2.48 level stands out as a resistance point that has faced selling pressure multiple times in the past.
• 2.65 dollars is the breakout level for May; surpassing this threshold could pave the way for a new upward trend in XRP.
• The reaction at $2.23 was strong; this level should be maintained.
• In downward movements, the range of 2.03–1.95 dollars ( is crucial for maintaining the mid-term trend, as it serves as both a "Golden Pocket" and a horizontal support area ).

*This is not investment advice.

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