XRP Faces Critical ‘Golden Pocket’ Test Amid Downtrend Pressure
Technical analysts at MakroVision have released an updated report on XRP, highlighting that the cryptocurrency is currently at a pivotal support level. The firm warns that this zone will play a major role in determining XRP’s short-term price direction.
The broader price structure remains bearish. MakroVision notes that XRP continues to form lower highs and lower lows, confirming the ongoing downtrend marked by the red resistance line. The recent break below $2.03 has brought XRP into what traders call the “Golden Pocket”—a Fibonacci retracement zone between 0.618 and 0.665, or roughly $1.95 to $2.03.
Despite the technical significance of this area, analysts say there’s been no strong bullish reaction so far. If support fails to hold, weaker levels below could trigger a breakdown and accelerate bearish momentum.
Two Possible Paths: Breakdown or Relief Rally
MakroVision outlined two potential scenarios for XRP’s next move.
If buyers step in and defend current levels, XRP could bounce back above $2.13. A successful recovery may target the $2.23 liquidity zone next, followed by a move toward $2.35, which marks a series of recent local highs.
On the downside, if the Golden Pocket fails, XRP risks entering a deeper correction phase with limited nearby support. Analysts suggest this could lead to a sustained bearish breakout if no strong demand materializes.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
