The merchant reveals the sign where the XRP price can turn to the bottom and the next rally reached $ 3.80?

XRP (XRP) prices fall 22% between March 19 and March 31, allowing potentially to form a regional floor with $ 2.02. Price is $ 2.20, up 9% before returning to the current level.

Was the popular Altcoin finally touched the floor, or is there a deeper return to the card?

XRP optimism for multiple periods

According to the analyst Casitrades, the XRP relative strength index (RSI) indicates a strong release condition for a low period of time.

Optimistic divergence indicates that the downward momentum is weakening by printing the lowest value of the asset and creating a higher RSI.

In the post on the March 31st post on the March 31st post, “We are printing the difference from $ 2.05 to 0.786, and then printing a strong difference from 15 minutes to 4 hours.”

Casitrades points out that these signals are positive indicators for short -term bounce and potential macroscopic recovery.

“It’s a signal that you want to see for both short -term floors and macros! The bounce has been maintained so far!”

She added that $ 2.25 remains a key resistance because $ 2.25 in violation of the strong driving force, which informs the persuasive optimistic breakout.

Casitrades said, “We will invalidate the necessity of other support re -testing, over $ 2.25 for more than $ 2.25 for our strong driving force.

Analysts expected the strength of XRP in April and achieved goals of $ 2.70 and $ 3.80 in the short term.

“If the price reaches the goal, there is a big impulse in the uptrend! The key resistance is for $ 2.70 and $ 3.80.”

relevant: XRP funding is negative -Will the smart trader overturn long or short?

Is there an XRP local floor?

According to the veteran Merchant Peter Brandt, despite the recent recovery of XRP, there is a risk of deeper correction.

Last week, Brandt said that the presence of the “textbook” head & shoulder pattern (H & S) could be low at $ 1.07.

This potential H & S pattern is still working on a daily chart (see below) and is completed during the break and finished at $ 1.90 under the neckline.

If the price is maintained below the neckline, the pair may drop to $ 1.50 and then fall to the target of $ 1.07.

Brandt said:

“Less than $ 1.9, I won’t want to own it. H & S project $ 1.07. Do not shoot a messenger.”

Brandt said that if the buyer pushes the price to $ 3.00 or more, the weak chart pattern will be invalidated.

Meanwhile, on April 2, the macroeconomic headwinds of the US tariff stole the traders on May 2 and raised the XRP price to $ 1.31.

Not everyone agrees. Analyst Dark Defender shared a positive outlook, saying that the XRP price is likely to visit the last Fibonacci level for $ 2.04 before the price of the XRP again.

According to the analyst, the main resistance level of XRP is $ 2.22, which must be “damaged” to ensure the recovery for $ 8’s Wave 5 goals.

“April 5 will be hot, and our Wave 5 goals are at $ 5-8 as expected.”

This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.