Source: CasiTradesShe added that $2.25 remains a key resistance level to watch, as breaching this level with strong momentum would signal a convincing bullish breakout. “If we break above $2.25 with strong momentum, that would invalidate the need for another support retest—a very bullish sign,” CasiTrades said, adding that the demand zone between “$2.00 and $2.01 remains a support if the $2.05 doesn't hold.”The analyst projects a bullish month for XRP in April, with targets of $2.70 and $3.70 in the short term.“Once the price reaches its target, I expect a large impulse to the upside! Key resistance aligning to $2.70 and $3.80.”Related: XRP funding rate flips negative — Will smart traders flip long or short?
A bullish divergence is when the asset's price prints lower lows, whereas the RSI produces higher lows, indicating that downward momentum is waning.“After 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,” the analyst said in a March 31 post on X. CasiTrades notes that these signals are a positive indicator both for short-term bounces and potential macro recovery.“That’s the kind of signal we want to see for both short-term bottom and macro! -the bounce is holding so far! ”XRP/USD hourly chart.
According to the analyst, a key resistance level for XRP is $2.22, which “should be broken” to ensure a sustained recovery toward the Wave 5 target at $8.“April-May will be hot, and our targets of Wave 5 stand at $5-8 levels, as expected.”XRP/USD daily chart.
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Author / Journalist: Cointelegraph by Nancy Lubale
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