Traders and analysts are closely watching the latest XRP price movements, as the recent dip to $2.05 might signal a potential upward reversal.
Signs of a Potential XRP Bottom
According to Casitrade, XRP reached the .786 Fibonacci retracement level at $2.05, a historically significant zone for price reversals. Moreover, bullish divergences are appearing on multiple timeframes from the 15-minute chart to the 4-hour chart, indicating a potential trend reversal.
Key Levels to Watch
Several crucial price levels outlined by Casitrade should be monitored by traders. $2.25 Resistance: Breaking above this would be a bullish signal. $2.00–$2.01 Support: This zone may act as a defense if $2.05 doesn't hold.
Fibonacci and April Forecast
Casitrade highlights Fibonacci time cycle analysis, suggesting April could offer a major bullish window for XRP, aligning with historical market moves.
Despite volatile market conditions, data indicates XRP may have found a local bottom. A breakout past $2.25 would confirm the start of a new bullish trend.
