The analytical company Cryptocurrency Makrovision has released its latest update about the XRP, identifying signs of a potential breakthrough. After a strong rally, XRP struck the key levels of resistance and now tests the critical line of the descending trend.
According to Makrovision, XRP has recently struck several resistance levels and is currently located on the Red Down Trend line, which is a key level for confirming a direct bull change.
According to analysts, the key levels of prices on the XRP diagram:
- $ 2.80: The main resistance cluster, which is built into the trend line and liquidity zone. A strong bull impulse can cause a break above this level.
- $ 3.06: the key price level tied to the previous decrease in maximums. Cleaning this area would confirm the bull structure of the market.
- $ 2.65: the first strong support in case of rollback.
- $ 2.48: If the XRP fails, this area, this area can act as the following basic support for stabilization.
At the time of writing, the price of the XRP is traded at 2.75 dollars.
*This is not an investment council.
