XRP just hit a major price level, and it happened right as bombs were dropping. Moments after news broke of a U.S. airstrike on Iran, XRP plunged straight to its $2.01 support zone, triggering panic across the charts.
Veteran analyst CasiTrades, this drop wasn’t random, it was perfectly predicted, and now a bounce to $3 is the next milestone for XRP price she has set.
After weeks of consolidation, XRP broke down and dropped straight to $1.93, exactly where veteran crypto trader CasiTrades had marked the first major Fibonacci support level.
Interestingly, that happened right as news of the U.S.-Iran conflict spread. While market fear is growing due to geopolitical risks, XRP’s bounce from this key level has traders hopeful for a pivot.
The chart from CasiTrades shows this bounce clearly, with the price jumping back up after hitting the green support zone.
What makes this bounce even more interesting is what’s happening with XRP’s momentum. The chart also shows a potential bullish divergence forming on both the 15-minute and 1-hour RSI, indicating buyers are stepping in just as selling pressure cools off.
Meanwhile, the bounce hasn’t yet confirmed, but the 1-hour trendline is beginning to slope upward, an early sign that momentum is changing.
The market is at a critical stage. While this bounce from $2.01 shows strength, analysts remain cautious. If XRP can hold above $2.01 and climb steadily, the next big resistance to break is near $3.00. That would signal a real trend reversal and possibly a new rally.
Even though this bounce is a good sign, CasiTrades warns that it’s too early to celebrate. There’s still no confirmation of a bigger trend change on the 4-hour or daily charts, as the RSI index stands at 20.4
If the bounce doesn’t hold, XRP could slip to the next supports at $1.90 or even $1.55.
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