$BTC

Cryptocurrency analysis company MakroVision has released a new report examining the current market structure of XRP. The report states that XRP is still in a downtrend and that tests at critical support levels are ongoing.

MakroVision emphasized that XRP is stuck in a narrow price range and the bearish structure (red trend line) is still dominant. Currently, the 0.5 Fibonacci level of $2.13 is being tested for the third time. However, it was stated that there are no strong signals of a permanent trend reversal yet.