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XRP Faces ...
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XRP Faces Critical ‘Golden Pocket’ Test Amid Downtrend Pressure

  • XRP is at a pivotal support level per MakroVision analysts' updated report.
  • The broader price structure for XRP remains bearish with lower highs and lower lows.
  • XRP broke below $2.03, entering the 'Golden Pocket' Fibonacci retracement zone.
  • Analysts emphasize the importance of the current support level in determining XRP's short-term direction.
  • No strong bullish reaction has been observed in the 'Golden Pocket' area so far.
  • MakroVision outlines two potential paths for XRP: a relief rally above $2.13 or a breakdown if the support fails.
  • A successful recovery could see XRP aiming for $2.23 and $2.35, targeting recent local highs.
  • If the support at the Golden Pocket zone fails, XRP risks a deeper correction phase with limited nearby support.
  • Analysts warn that a sustained bearish breakout could occur if demand does not strengthen.

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