XRP Price Analysis: Bullish Divergence Signals Potential Bottom at $2.02
XRP (XRP) experienced a 22% price drop from March 19 to March 31, potentially establishing a local bottom at $2.02. Following this, the price rose by 9% to $2.20 before retracing to current levels. The question arises whether XRP has reached its bottom or if a deeper retracement is on the horizon. Analyst CasiTrades noted bullish divergence on various timeframes, suggesting a positive indicator for potential short-term bounces and macro recovery. Resistance at $2.25 is highlighted as a key level to watch, with a break above signaling a bullish breakout.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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