Is XRP Heading Towards a Bull Market or a Bear Market?

The cryptocurrency analysis company MakroVision has presented a promising picture in its latest technical analysis of XRP. In the company's assessment, it is suggested that the formation structure despite the 下行 trend in recent weeks indicates strong bullish potential. According to the analysis, XRP has formed a classic bullish flag pattern during the recent fall, and this pattern was broken in a bullish direction yesterday. At the same time, the price of XRP has surpassed the important technical level of 2.23 dollars, indicating that the buyers have regained control. According to the analysis company, XRP has quickly recovered from the lower boundary of the downtrend channel. The downtrend being broken during this recovery is signaling new strength in the market. The increasing bullish momentum is a favorable technical development for the buyers. MakroVision has shared the key levels of XRP as follows: The level of $2.48 is considered a resistance threshold that has faced selling pressure multiple times in the past. $2.65 is the breakout level since May; surpassing this threshold could pave the way for a new bullish trend for XRP. The reaction at $2.23 is very strong; this level should be maintained. On the downside, the range of $2.03–$1.95 ( including the "Gold Bag" and the horizontal support area ) plays a crucial role in maintaining the mid-term trend.