XRP Price Recovery in Progress—Is $3.80 the Next Milestone?

XRP faces a crucial test at $2.17, which could determine its next major move. Resistance levels at $2.70 and $3.80 remain key targets for a potential breakout. XRP is having a rollercoaster trading cycle, trading at $2.16 after decreasing by nearly 10% over the past week. Despite recent downward pressure, market indicators are hinting at an upcoming rebound, and major support and resistance levels are dictating the way forward for the token. Recent technical analysis from Casi Trades indicates XRP may bottom at $2.05, coinciding with the .786 Fibonacci retracement. There are several bullish divergences on different timeframes, and this brings some promise of near-term reversal. In particular, the 15-minute to 4-hour charts indicate strength and hint at a potential change of trend. Source: X For those who are watching the market closely, the price of $2.25 is crucial. A good push above this price with strong momentum would invalidate the need for another support retest and leave the door open to other price targets. However, if the price does fail, the next major support is the range of $2.00–$2.01. Since April falls on the Fibonacci Time Zone 3, there is the potential of having a bullish cycle, and XRP can be poised to make a big upside movement. Key Levels to Watch: $2.17 as the Battleground XRP has shown strength, rebounding to $2.17, a price that traders are keeping their eyes on. This price is the make-or-break point, as reclaiming this as support can create further momentum. Not being able to sustain these gains can drive it down again to $2.00, keeping the bearish case alive. In the near term, XRP is resisted by $2.70, $3.05, and $3.80. Source: X These levels would act as markers to verify the bigger trend reversal. In case the price breaches above $2.70, it would signify the beginning of the long-term upside trend, as per the expected formation of Wave 3, according to the Elliott Wave theory. The structure remains intact, and RSI divergence confirming the recent bottom makes the case more bullish. XRP Eyes Breakout as It Tests Critical Levels With XRP testing at important levels, there are two possibilities. The optimistic one is that a confirmed breakthrough above $2.25 and then a push beyond $2.36 can be the beginning of an upward trend. This would negate any hopes of further decline, putting XRP on the path to a rally to its next target areas of resistance. Alternatively, if XRP cannot hold support at $2.17, there is scope to continue falling to $2.00. In this case, one last wave of sell-off can happen before any lasting recovery. Short-term confirmation of the reversal would be at $2.26, and breaking above $2.36 would confirm a more powerful trend change. In the event of continuing bullish conditions, an up-move to $3.80 would be possible, and this would set the stage for an interesting month. Source: X The post XRP Price Recovery in Progress—Is $3.80 the Next Milestone? appeared first on ETHNews. in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “XRP faces a crucial test at $2.17, which could determine its next major move. Resistance levels at $2.70 and $3.80 remain key targets for a potential breakout. XRP is having a rollercoaster trading cycle, trading at $2.16 after decreasing by nearly 10% over the past week. Despite recent downward pressure, market indicators are hinting at an upcoming rebound, and major support and resistance levels are dictating the way forward for the token. Recent technical analysis from Casi Trades indicates XRP may bottom at $2.05, coinciding with the .786 Fibonacci retracement. There are several bullish divergences on different timeframes, and this brings some promise of near-term reversal. In particular, the 15-minute to 4-hour charts indicate strength and hint at a potential change of trend. Source: X For those who are watching the market closely, the price of $2.25 is crucial. A good push above this price with strong momentum would invalidate the need for another support retest and leave the door open to other price targets. However, if the price does fail, the next major support is the range of $2.00–$2.01. Since April falls on the Fibonacci Time Zone 3, there is the potential of having a bullish cycle, and XRP can be poised to make a big upside movement. Key Levels to Watch: $2.17 as the Battleground XRP has shown strength, rebounding to $2.17, a price that traders are keeping their eyes on. This price is the make-or-break point, as reclaiming this as support can create further momentum. Not being able to sustain these gains can drive it down again to $2.00, keeping the bearish case alive. In the near term, XRP is resisted by $2.70, $3.05, and $3.80. Source: X These levels would act as markers to verify the bigger trend reversal. In case the price breaches above $2.70, it would signify the beginning of the long-term upside trend, as per the expected formation of Wave 3, according to the Elliott Wave theory. The structure remains intact, and RSI divergence confirming the recent bottom makes the case more bullish. XRP Eyes Breakout as It Tests Critical Levels With XRP testing at important levels, there are two possibilities. The optimistic one is that a confirmed breakthrough above $2.25 and then a push beyond $2.36 can be the beginning of an upward trend. This would negate any hopes of further decline, putting XRP on the path to a rally to its next target areas of resistance. Alternatively, if XRP cannot hold support at $2.17, there is scope to continue falling to $2.00. In this case, one last wave of sell-off can happen before any lasting recovery. Short-term confirmation of the reversal would be at $2.26, and breaking above $2.36 would confirm a more powerful trend change. In the event of continuing bullish conditions, an up-move to $3.80 would be possible, and this would set the stage for an interesting month. Source: X The post XRP Price Recovery in Progress—Is $3.80 the Next Milestone? appeared first on ETHNews.” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.