{"id":20184,"date":"2025-04-02T11:02:23","date_gmt":"2025-04-02T11:02:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20184"},"modified":"2025-04-02T11:02:23","modified_gmt":"2025-04-02T11:02:23","slug":"trader-uncovers-signs-xrp-price-may-have-bottomed-is-a-rally-to-3-80-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20184","title":{"rendered":"Trader uncovers signs XRP price may have bottomed \u2014 Is a rally to $3.80 next?"},"content":{"rendered":"
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\"Trader<\/p>\n

XRP (XRP<\/a>) 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 the current levels. <\/p>\n

Has the popular altcoin finally bottomed out, or is there a deeper retracement in the cards? <\/p>\n

XRP bullish divergence on multiple timeframes<\/strong><\/h2>\n

The XRP relative strength index (RSI<\/a>) displays bullish divergence conditions in lower timeframes, according to popular analyst CasiTrades.<\/p>\n

A bullish divergence is when the asset’s price prints lower lows, whereas the RSI produces higher lows, indicating that downward momentum is waning.<\/p>\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<\/a> in a March 31 post on X.\u00a0<\/p>\n

CasiTrades notes that these signals are a positive indicator both for short-term bounces and potential macro recovery.<\/p>\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<\/p><\/blockquote>\n

\"Trader
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XRP\/USD hourly chart. Source: CasiTrades<\/em><\/p>\n<\/figcaption><\/figure>\n

She added that $2.25 remains a key resistance level to watch, as breaching this level with strong momentum would signal a convincing bullish breakout.\u00a0<\/p>\n

\u201cIf we break above $2.25 with strong momentum, that would invalidate the need for another support retest\u2014a 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’t hold.\u201d<\/p>\n

The analyst projects a bullish month for XRP in April, with targets of $2.70 and $3.70 in the short term.<\/p>\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<\/p><\/blockquote>\n

Related: <\/strong><\/em>XRP funding rate flips negative \u2014 Will smart traders flip long or short?<\/strong><\/em><\/a><\/p>\n

Is the XRP local bottom in?<\/strong><\/h2>\n

Despite XRP\u2019s recent recovery from local lows, the risk of a deeper correction remains, according to veteran trader Peter Brandit.<\/p>\n

Last week, Brandt said<\/a> the presence of a \u201ctextbook\u201d head-and-shoulders pattern (H&S) could see XRP price as low as $1.07<\/a>.<\/p>\n

This 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<\/p>\n

If the price stays below the neckline, the pair could plummet to $1.50 and then to the pattern\u2019s target of $1.07.<\/p>\n

Brandt said:<\/p>\n

\u201cBelow $1.9, I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger.\u201d<\/p><\/blockquote>\n

\"Trader
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XRP\/USD daily chart with H&S pattern. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Brandt states this bearish chart pattern will be invalidated if buyers push and maintain the price above $3.00.<\/p>\n

Meanwhile, macroeconomic headwinds from US tariffs<\/a> on April 2 could spook traders, pulling the XRP price toward $1.31<\/a>.<\/p>\n

But not everyone agrees. Popular analyst Dark Defender, for example, shared a positive<\/a> outlook, saying that XRP price is likely to revisit the last Fibonacci level at $2.04 before bouncing back again.<\/p>\n

According 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.<\/p>\n

\u201cApril-May will be hot, and our targets of Wave 5 stand at $5-8 levels, as expected.\u201d<\/p><\/blockquote>\n

\"Trader
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XRP\/USD daily chart. Source: <\/em>Dark Defender<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

This 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.<\/p>\n