$XRP Price Analysis: $3 Target in Sight?
$XRP recent price drop to $2.01 was predicted by veteran analyst CasiTrades, who marked the $1.93 level as a key Fibonacci support zone. The price bounced back from this level, sparking hopes for a pivot.
Key Points
- XRP's price drop coincided with news of a U.S.-Iran conflict, triggering market fear.
- A potential bullish divergence is forming on the 15-minute and 1-hour RSI, indicating buyers are stepping in.
- The 1-hour trendline is sloping upward, suggesting momentum is changing.
Next Target: $3.00
If $XRP holds above $2.01 and climbs steadily, the next major resistance to break is near $3.00. This would signal a trend reversal and potentially a new rally.
Caution Remains
Despite the bounce, analysts remain cautious. If the bounce doesn't hold, XRP could slip to $1.90 or $1.55. The RSI index stands at 20.4, and confirmation of a trend change is needed on the 4-hour or daily charts.
