Has the XRP Price Surge Ended or Just Begun? Pay Attention to These Levels

The cryptocurrency analysis company MakroVision has shared a notable assessment of XRP's recent price volatility. The report notes that XRP reached a new all-time high of $3.65, followed by a 20% decline. Analysts point out that this correction is still occurring on a solid technical foundation.

According to MakroVision, XRP is facing significant resistance at the $3.06 level. This pullback aligns with Fibonacci retracement levels, with the range between $2.99 (0.382) and $2.79 (0.5) currently serving as a crucial short-term support threshold.

The report warns that breaking below the $2.65 level could significantly weaken XRP's upward momentum. This level, identified as the "orange zone," is particularly for investors to closely monitor.