{"id":126308,"date":"2025-04-02T11:15:51","date_gmt":"2025-04-02T11:15:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126308"},"modified":"2025-04-02T11:15:51","modified_gmt":"2025-04-02T11:15:51","slug":"trader-uncovers-signs-xrp-price-may-have-bottomed-rally-to-3-80-next","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126308","title":{"rendered":"Trader uncovers signs XRP price may have bottomed \u2014 Rally to $3.80 next?"},"content":{"rendered":"

Source: Cointelegraph.com NewsXRP (XRP) price fell 22% between March 19 and March 31, potentially forming a local bottom at $2.02. The price then increased by 9% to $2.20 before retracing to current levels.
\nHas the popular altcoin finally bottomed out, or is there a deeper retracement in the cards?
\nXRP bullish divergence on multiple timeframes
\nThe XRP relative strength index (RSI) displays bullish divergence conditions in lower timeframes, according to analyst CasiTrades.
\nA bullish divergence is when the asset\u2019s price prints lower lows and the RSI produces higher lows, indicating that downward momentum is waning.
\n\u201cAfter reaching the 0.786 retrace at $2.05, XRP is printing bullish divergences from the 15-min all the way up to the 4-hour chart,\u201d the analyst said in a March 31 post on X.\u00a0
\nCasiTrades notes that these signals are a positive indicator both for short-term bounces and potential macro recovery.
\n\u201cThat\u2019s the kind of signal we want to see for both short-term bottom and macro! The bounce is holding so far!\u201d
\nXRP\/USD hourly chart. Source: CasiTradesShe added that $2.25 remains a key resistance level to watch, as breaching it with strong momentum would signal a convincing bullish breakout.\u00a0
\n\u201cIf we break above $2.25 with strong momentum, that would invalidate the need for another support retest, a very bullish sign,\u201d CasiTrades said, adding that the demand zone between \u201c$2.00 and $2.01 remains a support if the $2.05 doesn\u2019t hold.\u201d
\nThe analyst projects a bullish month for XRP in April, with targets of $2.70 and $3.80 in the short term.
\n\u201cOnce the price reaches its target, I expect a large impulse to the upside!\u00a0 Key resistance aligning to $2.70 and $3.80.\u201d
\nRelated: XRP funding rate flips negative \u2014 Will smart traders flip long or short?
\nIs the XRP local bottom in?
\nDespite XRP\u2019s recent recovery from local lows, the risk of a deeper correction remains, according to veteran trader Peter Brandit.
\nLast week, Brandt said the presence of a \u201ctextbook\u201d head-and-shoulders pattern (H&S) could see XRP price as low as $1.07.
\nThis potential H&S pattern is still in play on the daily chart (see below) and will be completed on a break and close below the neckline at $1.90.\u00a0
\nIf the price stays below the neckline, the pair could plummet to $1.50 and then to the pattern\u2019s target of $1.07.
\nBrandt said:
\n\u201cBelow $1.9, I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger.\u201d
\nXRP\/USD daily chart with H&S pattern. Source: Cointelegraph\/TradingViewBrandt said this bearish chart pattern would be invalidated if buyers push and maintain the price above $3.00.
\nMeanwhile, macroeconomic headwinds from US tariffs on April 2 may spook traders, pulling the XRP price toward $1.31.
\nNot everyone agrees. Analyst Dark Defender shared a positive outlook, saying that XRP price is likely to revisit the last Fibonacci level at $2.04 before bouncing back again.
\nAccording to the analyst, a key resistance level for XRP is $2.22, which \u201cshould be broken\u201d to ensure a sustained recovery toward the Wave 5 target at $8.
\n\u201cApril-May will be hot, and our targets of Wave 5 stand at $5-8 levels, as expected.\u201d
\nXRP\/USD daily chart. Source: Dark DefenderThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsXRP (XRP) price fell 22% between March 19 and March 31, potentially forming a local bottom at $2.02. The price then increased by 9% to $2.20 before retracing… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126308"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126308"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126308\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126308"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}