NewsBTC

2 April 2025

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XRP Price Shows Signs of Recovery After Falling to $2.02

XRP reached a low of $2.0238 but has since increased by nearly 6%. Analysts CasiTrades and Charting Guy discuss the potential for a local bottom or further declines.

Key Insights

• CasiTrades indicates XRP tested the 0.786 Fibonacci retracement at $2.05 and shows bullish divergences across multiple timeframes.
• Resistance is noted at $2.25; breaking this level with momentum could prevent another support retest.
• CasiTrades identifies support levels at $2.00–2.01 if $2.05 fails to hold.
• A bullish window is forecasted for April, with potential upward targets at $2.70 and $3.80+.
• Charting Guy mentions possible head and shoulders pattern targeting $1.15 but considers it unlikely due to its irregular shape.
• He sees the trend as generally upward, noting previous price action around $1.70–$1.90 and suggesting a final dip near $1.90 could conclude the current pullback.
• Additional support levels include $1.94 (weekly Ichimoku base line), $1.73 (Weekly Supertrend), and between $1.46 – $1.93 (Weekly EMA Ribbon).

At press time, XRP is trading at $2.14.