Cryptocurrency analysis firm MakroVision released a report indicating that XRP remains entrenched in a bearish trend, trading within a narrow price range and testing critical support levels repeatedly. The $2.13 Fibonacci level is being tested for the third time, increasing the chance of a breakout but no strong reversal signals have emerged yet.
Significant resistance lies between $2.35 and $2.38, a liquidity zone and the last falling top area. A break below key supports between $2.03 and $1.95 could push XRP down further toward $1.55-$1.40.
Separately, another analysis highlights XRP's recent decline to a support level near $2.085, followed by a recovery attempt above $2.15. However, the bearish head-and-shoulders pattern suggests further decline risks toward the $2.00 level. Technical indicators provide mixed signals: RSI is above 50 on the hourly chart implying some short-term buying interest, but MACD shows a bearish crossover on the daily chart.
The critical resistance to break is the $2.20 level, which XRP has struggled to surpass amid declining buyer confidence. Breaching this resistance could lead to gains toward $2.25 and then $2.32. If the price continues falling below current supports, further downside toward $1.96 or lower may occur.
The outlook will heavily depend on regulatory decisions, including court rulings related to SEC lawsuits and potential cryptocurrency ETF approvals. Standard Chartered projects that XRP could reach $5.50 by the end of 2025, primarily driven by expected ETF approvals and increased institutional interest.
Note: This is not investment advice.