Crypto market analysis firm MakroVision has released its latest technical assessment of XRP ($XRP), highlighting a short-term recovery but warning that the medium-term downtrend is still not over.
📉 Sharp Sell-Off & Capitulation Phase
According to MakroVision, XRP recently witnessed a rapid sell-off, forming a new lower low. Such aggressive downside moves are often observed during the final stages of major corrections and are typically associated with investor capitulation.
🚀 Strong Bounce After the Drop
After hitting its recent low, XRP staged a quick rebound of over 30%, marking its first strong recovery attempt following the sell-off. MakroVision noted that sharp upside reactions are common after steep declines, often driven by short-term relief rallies.
📊 Medium-Term Trend Still Bearish
Despite the recent bounce, MakroVision emphasized that XRP remains in a broader downtrend. The firm stated that the outlook will stay bearish unless XRP manages to break above the resistance cluster near $2.20, formed by the falling red trendline and a major resistance zone.
As long as XRP continues to form lower highs, it is considered too early to confirm a trend reversal.
🔑 Key Levels to Watch
$1.80–$1.85: Reclaiming and holding this range could act as a strong bullish signal and increase the probability of further recovery.
$1.35 Liquidity Zone: This area remains a critical short-term support and could attract buyers if selling pressure resumes.
⚠️ Warning Signs Ahead
MakroVision also cautioned that deep and sudden pullbacks during recovery phases may signal weakness. Historically, similar price structures have often led to the formation of new lows, rather than a sustainable uptrend.
🔍 Conclusion
While XRP’s recent bounce offers short-term optimism, MakroVision advises caution. A confirmed trend reversal will require clear breaks above key resistance levels and stronger price structure in the days ahead.
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