XRP’s price action has been at the center of technical analysis discussions, particularly after its recent sharp drop to $2.27. Market analyst CasiTrades highlighted in a recent post that the absence of bullish RSI divergence at that level indicated that further downside movement was likely. As a result, traders are now closely monitoring key Fibonacci retracement levels that could serve as potential reversal zones before the next upward move.
Time Zone 3 Almost Here on XRP — Aligning Perfectly with Month-End
After yesterday’s sharp drop to $2.27, #XRP showed no bullish RSI divergence which gave us a signal the drop wasn’t quite done yet…
We’re now likely heading down to test the .618 golden retracement at… pic.twitter.com/4ENgsetMqf
— CasiTrades
(@CasiTrades) March 28, 2025
Critical Support Levels in Focus
Following the drop, XRP appears to be heading towards the .618 golden retracement at $2.17 or possibly the golden pocket at $2.15, which could mark a final low before a significant rally. The RSI indicator is starting to show the bullish divergence that analysts were anticipating, signaling that selling pressure may be nearing exhaustion. However, due to unclear subwaves, the analysis is primarily focused on price action and RSI confirmation at these key levels.
Other important levels to watch include:
$2.17–$2.15: The golden retrace and pocket, considered the highest-probability reversal zone.
$2.05: A deeper .786 Fibonacci retracement, which remains a less likely but notable level.
$2.00: The bottom trendline touch and .854 retracement level, marking a strong support point.
The Significance of March 30 and Fibonacci Time Zones
According to CasiTrades, March 30 marks the end of Fibonacci Time Zone 2, which has been associated with the current correction phase. More importantly, it signals the beginning of Time Zone 3, a phase projected over two months ago from the February 3 low. This transition could align with the much-anticipated Wave 3, a historically strong bullish wave in Elliott Wave theory.
If the projected pattern holds, April could be a defining month for XRP. Given the technical setup and key Fibonacci levels, many traders are bracing for a potential breakout that could push XRP into a new phase of significant upward momentum.
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Market Sentiment and Future Outlook
With sellers appearing to lose steam and the RSI confirming a potential bottom, traders are increasingly optimistic about an imminent reversal. As long as XRP maintains support at the key retracement zones, the setup for a bullish Wave 3 remains intact. Investors should closely monitor price action over the weekend, particularly at the critical levels outlined by CasiTrades, as the market gears up for what could be a decisive move in early April.
While technical indicators suggest a promising outlook, traders should remain cautious of market volatility and unexpected macroeconomic factors that could influence XRP’s trajectory. As always, risk management and thorough analysis remain crucial in navigating the cryptocurrency market’s dynamic landscape
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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