Skip to main content

Title: XRP Breaks Out: Technical Analysis Points to $2.81 as Next Target


XRP has surged back into the spotlight as it gains strong upward momentum, according to a recent technical analysis by research firm MakroVision. The cryptocurrency has seen over a 25% increase in value in just a few days, drawing renewed investor attention after bouncing from the 0.382 Fibonacci retracement level.

At the time of writing, XRP is trading just below a key resistance level at $2.65, based on Binance TR data. Analysts highlight that the price action remains bullish, with a clear trend of higher highs and higher lows supporting continued momentum.

MakroVision notes that the recent breakout above the $2.48 level has reinforced bullish sentiment. The next significant targets include the $2.65 resistance — which has already been tested once — and the “golden pocket” range between $2.73 and $2.81. This range is considered a strong resistance cluster, and a confirmed breakout past $2.65 could pave the way for a move into this critical zone.

Support levels remain just as important in maintaining the bullish structure. Analysts identify $2.48 as the immediate support to watch for short-term pullbacks. In the medium term, holding the orange support zone around $2.20 is crucial to sustaining the uptrend and preserving the long-term bullish outlook.

While the technical setup is favorable, MakroVision emphasizes that healthy corrections are a normal part of an uptrend. Maintaining key support levels, especially around $2.20, is vital for XRP to stay on track toward its higher targets.

The firm’s outlook suggests a strong technical foundation for XRP — but as always in crypto, volatility remains part of the journey.

Note: This is not investment advice. Always do your own research before making financial decisions.
Labels:

Comments

Post a Comment

Popular posts from this blog

Arcadia Finance Suffers $3.5 Million DeFi Exploit on Ethereum Base Network

  DeFi Security Alert: Arcadia Finance Loses $3.5M in Base Layer-2 Hack Introduction: The decentralized finance (DeFi) sector continues to face serious security threats, and the latest victim is Arcadia Finance. This platform, built to offer permissionless lending, borrowing, and asset swapping, has reportedly suffered a major security breach. According to blockchain security experts, the total loss now stands at approximately $3.5 million, making it one of the largest DeFi attacks on the Ethereum Layer-2 network called Base in 2025. Let’s explore how this attack unfolded, what vulnerabilities were exploited, and what it means for DeFi security moving forward. What Happened in the Arcadia Finance Hack? On July 14, 2025, a major vulnerability was exploited in the Arcadia Finance protocol operating on the Ethereum Layer-2 Base network. The first alert came from a leading blockchain security firm, which noticed suspicious activity on the network. The attack was carried out...
Post a Comment
Read more

Australia’s Project Acacia Moves Ahead: RBA Expands Testing for CBDC and Tokenized Assets

  RBA’s Digital Currency Pilot Enters Next Phase with 24 New Use Cases Introduction: A New Chapter in Australia’s Digital Currency Journey Australia has taken a bold step toward the future of finance with the expansion of Project Acacia, the Reserve Bank of Australia’s (RBA) pilot initiative for exploring central bank digital currencies (CBDC) and tokenized assets. As global interest in digital currencies and blockchain-backed assets continues to grow, this project marks a significant milestone for the country’s digital finance infrastructure. In this latest phase, the RBA aims to evaluate real-world use cases involving digital assets, in collaboration with major banks, fintechs, and regulators. With a total of 24 different test scenarios, Project Acacia is expected to offer valuable insights into how digital currencies can integrate with Australia’s financial markets. What is Project Acacia? Project Acacia is a collaborative effort led by the Reserve Bank of Australia...
Post a Comment
Read more

PENGU Price Forecast 2025: Will Pudgy Penguins Hit $0.044 with Bullish Signals?

Pudgy Penguins (PENGU) Price Analysis: Is a Bullish Rally on the Horizon? Why PENGU Could Surge to $0.044: Key Support Levels and Breakout Signals Introduction:  The Rise of Pudgy Penguins in the Crypto Market The cryptocurrency market is a dynamic landscape, with new opportunities emerging daily. Among the tokens catching attention is Pudgy Penguins (PENGU), a digital asset tied to the popular NFT collection . Recent market activity suggests PENGU may be gearing up for a bullish breakout , with technical indicators and chart patterns pointing to potential price gains. This article dives deep into the current price action, key support and resistance levels , and technical signals driving PENGU’s momentum. Whether you’re a seasoned trader or a crypto enthusiast, understanding these trends could help you make informed decisions. With PENGU trading around $0.036 and showing signs of recovery, analysts are optimistic about its short-term potential. Let’s explore the factors...
Post a Comment
Read more