XRP Coin is fighting to protect $ 2.05 after modest gains on April 1. Meanwhile, an important indicator points to a potential bottom. Is the popular Altcoin really hit the bottom or is there a deeper decrease in cards?
XRP Coin Bulls Gain Power!
According to Analyst Casitrades, the XRP relative power index (RSI) exhibits ‘rise deviation’ conditions in lower time periods. The rise deviation indicates that the downward momentum is reduced. “After reaching a $ 0.786 with withdrawal level, XRP shows rise deviations from 15 minutes to 4 -hour graph,“ Casitrades says. The analyst says that these signals are a positive indicator for both short -term jumps and potential macro recovery. In this context, “This is a signal of the kind we want to see for both the short -term bottom and the macro! Jumping continues so far!” He’s doing his description.
XRP/USD hourly graph. Source: CasitradesAPRIL FOR XPP COIN: 2.70 and 3.80 dollars!
Analyst says that $ 2.25 continues to be an important level of resistance to be monitored. Because with a strong momentum, the breaking of a convincing rise will signal. In this respect, Casitrades makes the following statement:
If we increase over $ 2.25 with a strong momentum, this will invalidate the need to re -test another support. Therefore, this becomes a very strong sign of ascension. If it does not hold $ 2.05, the demand zone between $ 2.00 and $ 2.01 continues to support a support.
The analyst envisages an increase for XRP in April with $ 2.70 in the short term and $ 3.80 in the short term. These estimates, “When the price reaches the target, I expect a great impulse in the upward direction! Basic resistance is 2.70 dollars and 3.80 dollars.” in the form of.
Peter Brandt foresees more for XRP!
According to Experienced Trader Peter Brandt, a deeper risk of correction continues, although XRP has recently recovered from local low levels. Kriptokoin.comAs you have followed, Peter Brandt last week, a ‘head and shoulder’ formation (H&S) presence of the XRP price up to $ 1.07, he said.
This potential H&S formation still continues in the daily graph. According to the analyst, the neck line will be completed with the break and closing of $ 1.90. If the price remains below the neckline, the XRP CoIN may drop to $ 1.50 and then to $ 1.07, the target of the formation. In this context, Brandt said, ın I don’t want to have this XRP under $ 1.9. H&S predicts $ 1.07. says. However, Brandt adds that this decrease formation will be invalid if the buyers raise the price above $ 3.00 and continue.
XRP/USD H & S formation daily graphic. Source: TradingView
