Cryptocurrency analysis company MakroVision has published its latest technical analysis on Ripple (XRP). The analysis states that XRP has entered a technical stabilization process, while the general downtrend is still ongoing. According to MakroVision, the XRP price is at a critical stage. The failure of the price to permanently break through the resistance zone in the $2.20-$2.30 range limits bullish scenarios at this stage. According to the analytics company: For XRP, the $2.19–$2.23 range is forming a strong resistance cluster along with the 0.382 Fibonacci level ($2.30). A break above this level could allow the price to gain new bullish momentum towards the $2.50 level. The $1.90-$2.00 range stands out as the support zone for XRP in the short term. A sustained drop below this level could drag the price back to the recent lows. Related News: Bitcoin Hit Support in Special Metric, Analytics Company Says: Here Are the Scenarios That Could Happen If It Falls or Bounces MakroVision states that XRP is currently in a critical decision phase. It is stated that a breakout above $2.30 could trigger a trend change, but a possible pullback below $1.90 would reinforce the downtrend. *This is not investment advice. Continue Reading: Ripple (XRP) Price at Critical Crossroads: Analyst Says What It Takes to Rally to $2.5