So, XRP took a little tumble, huh?22% dive from March19 to31, and then a heroic9% climb back to $2.20. But wait, is it really climbing back or just teasing us? 🤔
Is this the end or just a commercial break in the XRP drama?
XRP’s Epic Bullish Divergence Show
Our buddy, analyst CasiTrades, says the RSI is throwing a bullish divergence party across multiple timeframes. It’s like the price is going “nah, I’m good down here” while the RSI is all “let’s bounce back, buddy!”
“After hitting $2.05, XRP’s throwing bullish divergences from the15-min to the4-hour chart,” CasiTrades declared on X. Like a real party pooper, huh?
According to CasiTrades, these are like neon signs for both a quick bounce and maybe, just maybe, a grand recovery.
“That’s the kind of signal you want! – and guess what? The bounce is holding… for now!”
She also hints that $2.25 is like the bouncer at the club; get past it with some muscle, and you’re in for a wild night. Break above with gusto, and it’s party time without needing a breather.
“Bust through $2.25 with force, and we skip the support retest – how’s that for bullish?” she adds, noting that the $2.00-$2.01 zone is the fallback plan if $2.05 can’t hold the fort.
Her crystal ball for April? Bullish vibes with eyes on $2.70 and $3.70. 🎯
“Hit the target, and it’s all systems go! Key resistance at $2.70 and $3.80.”
Did XRP Hit the Floor Already?
But hang on, veteran trader Peter Brandt isn’t ready to pop the champagne. He’s spotted a head-and-shoulders pattern that’s textbook scary, hinting XRP might nosedive to $1.07.
This H&S thing is still lurking, ready to pounce if we dip below $1.90. Below that, it’s a slippery slope to $1.50 and then, brace yourselves, $1.07.
Brandt’s advice?
“Dip below $1.9, and I’m out. H&S screams $1.07. Don’t blame the messenger.”
But, if the good guys rally and keep it above $3.00, Brandt’s bearish chart gets a one-way ticket to the trash.
And let’s not forget the US tariffs on April2 – they might just spook the traders enough to drag XRP towards $1.31. 🙈
But wait, Dark Defender’s not buying the doom and gloom. He’s all sunshine and rainbows, betting on a bounce back from $2.04 and smashing through $2.22 for a grand finale at $8.
“Get ready, April-May is gonna sizzle, aiming for $5-8. Just like we thought.”
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2025-04-02 14:13