Crypto even analysis firm Makrovision, This XRP He praised its recent performance and claimed that the coin followed its December 30 bullish predictions almost perfectly. The price of XRP broke out of the bull flag formation, rising over 40% and approaching key historical levels.
In Makrovision’s analysis dated December 30, a bullish flag formation was detected in which XRP was in the consolidation phase and the key support level was $1.96. The firm had predicted a potential break above $2.65, signaling the start of a new rally.
As of January 15, XRP not only broke through the critical resistance at $2.65, but also rose above $3, a level not seen in years. The rally is pushing XRP closer to its January 2018 high of $3.35, which was a major turning point in price history.
Makrovision identified the following critical zones for future price movements of XRP:
Resistance: The $3.35 to $3.46 zone remains a strong barrier. A sustained break above this level could push XRP higher to Fibonacci levels with targets at $3.88 and $4.42.
Support: The $2.65 level is currently serving as an important support zone. Maintaining this level could serve as a launch pad for continued upward momentum. However, a break below $2.65 would require a reassessment of the bullish outlook.
Makrovision stated that he is optimistic about the prospects of XRP, saying, “XRP has implemented our bullish scenario perfectly and can continue a strong upward movement by rising above $ 3.35.” he said.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/alman-analiz-sirketi-xrp-fiyati-hakkinda-teknik-analiz-yayinladi-bu-seviyenin-altina-inmemesi-lazim/
