Crypto analyst Mattsby has pointed to the best chart for getting a clear macro view of XRP, while also sharing a bullish outlook for the altcoin. He notes that a key resistance level is now turning into support.
This Chart Shows the Clearest Macro View for XRP
In a post on X, Mattsby suggested that traders zoom out to the two-month chart and add the 20-period simple moving average (20SMA) to see XRP’s well-defined macro trend. Historically, XRP has shown bullish momentum and room to grow when trading above the 20SMA. Conversely, if it stays below this level, the altcoin could face a prolonged consolidation phase before its next major move.
Mattsby observed that XRP has been trading around this moving average since November 2024, with former resistance now becoming solid support. This is why he remains bullish despite recent price movements, noting that support is holding and the macro trend remains intact.
Another analyst, Chart Nerd, also expressed optimism for XRP. He mentioned that after months of downward pressure, multiple timeframes indicate a bullish relief rally may be ahead. He identified $1.54 and $1.87 as potential targets, with $1.56 acting as immediate resistance. XRP is already showing signs of recovery, moving higher alongside Bitcoin and the broader crypto market.
XRP Still Faces Key Resistance
However, analyst CasiTrades cautioned that XRP remains stuck below resistance, having traded below $1.60 for more than 68 days. She emphasized that the macro outlook for XRP hasn’t changed and maintained a bearish stance, predicting further declines.
According to CasiTrades, XRP is likely to either drop toward macro support levels at $1.09 and $0.87 or break and hold above $1.65 to turn the market bullish. Until then, she expects continued sideways movement, with XRP confined between $1.28 and $1.39. A break below $1.28 could signal a move toward lower support levels.
At the time of writing, XRP is trading around $1.43, up more than 2% in the past 24 hours, according to CoinMarketCap data.
Frequently Asked Questions
Of course Here is a list of FAQs about a pundits claim that a specific chart reveals the most definitive macro outlook for XRP
Beginner Questions
1 What does macro outlook even mean for XRP
Macro outlook refers to the longterm bigpicture forecast for XRPs price and role in the financial system It looks beyond daily ups and downs to factors like regulation adoption by banks and overall crypto market trends over months or years
2 What chart are they talking about
The pundit is almost certainly referring to a longterm price chart like a monthly or weekly candlestick chart They are likely analyzing patterns key supportresistance levels and longterm trend lines to predict future direction
3 Why should I trust one chart or one pundits opinion
You shouldnt trust it blindly A single chart is just one tool A responsible investor uses it as a piece of the puzzle alongside news fundamental analysis and overall market sentiment The pundit is presenting their interpretation
4 Whats the most basic takeaway from a definitive macro chart
It usually tries to answer one core question Is the longterm trend for XRP still bullish or has it shifted to bearish It might point to a critical price level that if held or broken confirms the trend
Intermediate Advanced Questions
5 What specific chart patterns might signal a definitive outlook
Pundits often look for
Multiyear SupportResistance A price level XRP has tested multiple times over years
Symmetrical Triangle or Pennant A coiling pattern that typically precedes a significant breakout
Moving Averages How the price acts relative to its longterm average
The definitive claim suggests the chart is at a clear decision point for one of these patterns
6 How does the ongoing Ripple vs SEC lawsuit factor into this chart analysis
The chart reflects