Was That the Bottom for XRP? Analyst Reveals What Holders Must Watch Next

XRP’s latest price action has traders and analysts watching closely, wondering whether the recent dip to $2.05 marked a short-term bottom. According to Casitrade, XRP has reached the .786 Fibonacci retracement level at $2.05, a historically significant zone for price reversals. What’s more, bullish divergences are now appearing on multiple timeframes, from the 15-minute chart to the 4-hour chart, signaling a potential reversal in the making.

Signs of a Potential XRP Bottom

Casitrade highlights that XRP is showing key bullish signals, suggesting that the recent decline may have exhausted its selling pressure. The bounce from $2.05 is holding so far, a critical factor in determining whether XRP has indeed found support at this level.

The presence of bullish divergences across several timeframes indicates that while prices made lower lows, momentum indicators such as the RSI are trending upward. This divergence often precedes a trend reversal, hinting at a potential rally.

Key Levels to Watch

While bullish signs are emerging, Casitrade outlines several crucial price levels that traders should monitor:

$2.25 Resistance: If XRP breaks above $2.25 with strong momentum, this would be a very bullish signal, as it would invalidate the need for another support retest.

$2.00–$2.01 Support: If $2.05 fails to hold, this lower support zone could act as a final defense before any deeper correction.

$2.70 and $3.80 Targets: These levels are key resistance zones, aligning with previous price structures and Fibonacci extensions. A breakout above them could signal the start of a larger impulse move.

Fib Time Zone 3 and What It Means for April

Casitrade also highlights an interesting time-based analysis using Fibonacci time cycles. XRP has now entered Fib Time Zone 3, which projects that April could be a major bullish window for the asset. This aligns with historical market movements, where XRP has seen significant breakouts following retracements to key Fibonacci levels.

If history repeats itself, April could be a pivotal month, leading to an explosive upward move. The setup suggests that once XRP reaches its next target levels, a large impulse move could follow.

Is the Worst Over for XRP?

While market conditions can shift quickly, the data presented by Casitrade suggests that XRP may have found a local bottom. However, confirmation will come if $2.25 is broken with strong volume, signaling that bullish momentum is taking over.

With Fib Time Zone 3 aligning with April as a potential breakout window, all eyes will be on XRP’s next moves. If the bullish scenario plays out, XRP could soon be targeting higher resistance levels at $2.70 and $3.80, setting the stage for a larger market rally.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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