Altcoins
The latest XRP price rebound has not convinced technical strategists. According to chart research from MakroVision, the market structure behind the rebound reveals hesitation rather than strength. The firm notes that the market keeps showing the same behavior: sharp attempts to push higher, followed by equally sharp sell pressure that erases progress before momentum can build.
**The Problem Isn’t the Sell-Off—It’s the Ceiling**
MakroVision points to a specific pain point in the chart that has become the center of the battle. The price continues to collide with a supply zone around $2.48, and each approach has triggered heavy selling. Instead of forming a base above that level, XRP has been pushed back multiple times—a dynamic analysts say signals a tired market. The bulls keep charging the door, but none have managed to break it down.
**Support Is Helping But Only Barely**
On the downside, XRP hasn’t collapsed either. The asset keeps returning to the region near $2.16, and so far that area has absorbed sell pressure. However, the tone among analysts isn’t celebratory—support is acting like a safety net, not a springboard.
MakroVision notes that this level aligns with an important Fibonacci level and that a lack of strong buying there is a red flag rather than a neutral sign. If sellers finally push the price below that safety net, the firm expects the market to look toward the $2.02–$1.88 range for the next major decision point. This isn’t just an arbitrary range; it combines horizontal support with additional Fibonacci clustering, meaning both algorithms and manual traders are closely watching it.
**The Path Back to Strength Isn’t Complicated**
MakroVision did not present a doomsday scenario—simply a conditional one. If buyers manage to flip $2.48 into support, the bearish narrative would evaporate quickly. A breakout at that level would open unused liquidity pockets toward $2.65, and price action could change character instantly.
Until that happens, however, momentum favors the defensive side of the market. MakroVision’s conclusion is clear and unemotional: the chart is weak right now, and buyers need evidence—not hope—to regain control. Strength begins only above $2.48, while risk increases below $2.16. The space in between belongs to indecision.
—
*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*
—
**About the Author**
Alexander Zdravkov is a person who always looks for the logic behind things. With over three years of experience in the crypto space, he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on various topics, his deep understanding and enthusiasm make him a valuable member of the team.
—
**Related Stories**
https://bitcoinethereumnews.com/finance/xrp-rally-loses-steam-as-bulls-fail-to-break-crucial-wall/