Crypto analyst Mattsby has highlighted the best chart for market participants looking for the clearest chart Macro image for XRP. He also offered a bullish outlook for the altcoin, noting that key resistance is now turning into support.
This chart shows the best macro picture for XRP
In one X contributionMattsby urged market participants to zoom out on the 2-month chart and add the 20SMA if they want to see the clear, well-defined macro trend for XRP. He noted that history shows this XRP has bullish momentum and room to move higher whenever it is above the 20SMA. On the other hand, as long as the altcoin remains below this level, it could be preparing for a potentially long and painful consolidation before its next big move.
The analyst noted that XRP has been trading this key moving average since November 2024 and that what was once resistance is now turning into solid support. He explained that this is why he remains bullish on the altcoin despite the current price movement. Mattsby added that the support continues and that The macro trend is intact.
Source: Diagram by Mattsby on X
Crypto analyst Chart Nerd also gave an optimistic outlook for XRP. In one X contributionHe explained that after months of sustained pressure, several time frames indicate this bullish relief is on the table for XRP. He highlighted $1.54 and $1.87 as levels the altcoin could recapture during this recovery rally. He also noted that $1,560 is the immediate resistance that XRP could face on this bullish move. It is worth noting that XRP is already enjoying a recovery rally, recovering alongside Bitcoin and the broader crypto market.
XRP is still trapped below key resistance
In one X contributionCrypto analyst CasiTrades warned that XRP remains trapped below the resistance level, noting that the altcoin has hovered below $1.6 for over 68 days. She explained that nothing had changed Macro plan for XRP. It is worth noting that the analyst is currently bearish and predicts further crashes for the altcoin.
Related reading
CasiTrades said it is currently waiting for XRP to do one of two things. The first could be a downward move towards the macro support levels at $1.09 and $0.87. Meanwhile, the second move could be a break and hold above $1.65, which would put the market in an uptrend. By then she realized that the current price development The uptrend continues, with XRP remaining in a narrow range between $1.28 and $1.39. The analyst added that she expects a continuation towards the lower support levels once XRP falls below $1.28.
At the time of writing, XRP price is around $1.43, up over 2% in the last 24 hours Data from CoinMarketCap.
XRP trading at $1.43 on 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Sketchfab, chart from Tradingview.com
