The cryptocurrency analysis company MakroVision has taken a closer look at the price movements of XRP. According to the technical analysis report published by the company, XRP has gained significant upward momentum in recent days and has attracted the attention of investors once again.
The analysis indicates that XRP has gained over 25% of its value, rising from a Fibonacci retracement level of 0.382. Currently, the price of XRP is trading below the important resistance area at $2.65, according to Binance TR data.
According to the analysis company, the price trend continues to rise with consecutive lows and highs. It confirms that momentum has increased with the breakout of the $2.48 level, while the next targets are $2.65 and the so-called "golden pocket" range from $2.73 to $2.81.
The $2.65 level has already been tested. According to the analysis, the likelihood of breaking through this level may increase if it is tested again.
Above this level, the golden pocket in the range of $2.73-$2.81 stands out as a strong resistance area.
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