Cryptocurrency analytics firm MakroVision has provided an updated technical outlook on XRP, noting that it briefly broke above a key resistance level at $3, but quickly experienced a sell-off. Analysts are now questioning if the recovery phase is over or if another correction is imminent. MakroVision believes that a sustainable break above $3.06 is crucial for a continued bullish structure, but currently, XRP is trading at $2.32. The firm states that the price needs to break above $2.65 in the short term for the bullish case to remain intact.



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