Cryptocurrency analytics company MakroVision has shared its latest technical analysis of XRP.
According to the company’s analysis, XRP briefly fell below the gold standard, forming a new lower low. It was noted that the descending trend lines are still acting as strong dynamic resistance, and all previous attempts at recovery have been met with selling pressure.
MacroVision noted that while structural weakness persists, the internal dynamics of candlestick patterns are giving noteworthy signals. According to the analysis, the momentum of downward movements is gradually decreasing. Internal upward movements are occurring more quickly and strongly, while declines are prolonged and slower, exhibiting a corrective character. This divergence indicates that selling pressure is gradually weakening.
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The company stated that this outlook could signify a classic “preparation for a momentum shift,” laying the groundwork for a potential trend reversal if the right triggers emerge. However, a critical condition for confirmation was highlighted: XRP sustainably breaking above the descending trend lines marked in red. According to MacroVision, only in this scenario can a strong bullish momentum be re-established, opening up a broader recovery area.
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XRP chart shared by MacroVision.
It was stated that XRP still exhibits a weak outlook in the short term and lacks clear upward momentum. However, it was added that downward pressure has significantly decreased, new lows are only slightly below previous lows, and the structure is becoming increasingly “correction-heavy”. MacroVision noted that for the technical outlook to turn more positive, a break above the central zone and the $2.23 level would be a very positive signal.
