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
Reporter at Coindoo
Александър Здравков е човек, който винаги търси логика зад нещата. Той владее отлично немски език и има повече от три години опит в крипто пространството, като умела забелязва нововъзникващите тенденции в света на дигиталните валути. Независимо дали предоставя задълбочени анализи или ежедневни репортажи по всички теми, неговото дълбоко разбиране и ентусиазъм към това, което прави, го правят ценен член на екипа.
