XRP is still subject to a long-term downtrend, but recent price movements indicate that the bears may be losing control. The upward trend is becoming increasingly strong, while the downward momentum is slowing, suggesting that buyers are quietly entering the market. Once a key resistance level is breached, the bulls may be preparing to launch a strong counterattack.
Overall bearish structure: upper limit of the red trend line
According to the latest XRP chart released by MakroVision Research, the overall market structure remains in a downtrend, with a steeply declining red trend line clearly outlining this trend. These trend lines continue to obstruct every attempt at a rebound, keeping the overall technical picture unchanged and leaning towards bearish.
Although the internal structure of the market has begun to show obvious signs of improvement, the short-term price trend indicates that the upward momentum is becoming more vigorous, swift, and clearer. Meanwhile, the momentum of the downward phase is gradually weakening, lasting longer, and the momentum is also declining.
This shift is a typical sign of reduced selling pressure and increased buying activity at lower levels. The market may still be below the major resistance level, but its internal momentum is no longer as weak as before.
If XRP can decisively break through the red trend line near $2.48, it will release the upward potential that has been accumulating in the background. If it fails to break through, the token will still face pressure technically, but the foundation for a potential reversal is clearly forming.
Key price levels to watch include the resistance zone between $2.2 and $2.22, the major breakout level at $2.48, and the support area near $1.95 to $1.88, which aligns with Fibonacci retracement levels and recent reaction points.
Dual Track Conflict: Bear Market Trend and Bull Market Internal Structure
In summary, MakroVision Research points out that XRP is currently in a dual track trend. Although the technical indicators show that the major trend is still downward, its internal price structure is increasingly showing an upward trend. The weakening of this downward momentum makes the current chart trend encouraging.
The current fate of XRP entirely depends on its ability to consistently break through the key resistance level previously mentioned, particularly the trend line at $2.48. Analysts warn that if XRP successfully transforms this major resistance level into a support level, the accumulated upward momentum could be released rapidly, leading to a swift price surge.
Currently, the key question remains whether XRP can achieve a sustainable trend reversal and leverage its internal advantages, or whether the overall bearish pressure will ultimately prevail, forcing the price to drop further to the significant low of $1.4.
