Crypto analyst Mattsby has highlighted the best chart for market participants looking for the clearest macro image for XRP. He also offered a bullish outlook for the altcoin, noting that key resistance is currently turning into support.

This chart shows the best macro picture for XRP

In Post XMattsby urged market participants to move away from the 2-month chart and add the 20SMA if they want to see a clear, well-defined macro trend for XRP. He noted that history shows this XRP has bullish momentum and room for a higher level as soon as it crosses the 20SMA. On the other hand, the altcoin could be setting itself up for a potentially long and painful consolidation ahead of its next major leg if it stays below this level.

The analyst noted that XRP has been trading on 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 action. Mattsby added that the support continues and that’s it macro trend is intact.

Cryptocurrency analyst Chart Nerd also offered a bullish outlook for XRP. In Post Xstated that after months of constant pressure, multiple time frames are being suggested stubborn relief is on the table for XRP. He highlighted the $1.54 and $1.87 levels that the altcoin could recover during this relief rally. He also noted that $1,560 is the immediate resistance that XRP may face on a move higher. It’s worth noting that XRP is already experiencing explosive growth, rebounding alongside Bitcoin and the broader cryptocurrency market.

XRP Still Trapped Below Key Resistance

In Post Xcryptocurrency analyst CasiTrades warned that XRP remains trapped below resistance, noting that the altcoin has remained below $1.60 for over 68 days. Therefore, she stated that nothing had changed in the case macro plan for XRP. It is worth noting that the analyst is currently bearish, predicting further altcoin crashes.

CasiTrades stated that at this time you should wait for XRP to do one of two things. The first may be a move down to the macro support levels at $1.09 and $0.87. Meanwhile, the second situation could mean a breakout and staying above $1.65, making the market bullish. By then she had noticed that current price action it just continues and XRP is stuck in a tight range between $1.28 and $1.39. The analyst added that she expects a continuation towards lower supports as XRP breaks below $1.28.

At the time of writing, XRP is trading around $1.43, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Sketchfab, chart from Tradingview.com