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You are currently viewing What’s Next For XRP After Crashing Below $3? Analyst Answers

XRP has just dropped below $3, but the market may not be as bearish as it looks. The price fell into the 0.382 Fibonacci retracement level at $2.96, a significant support zone. The wick to $2.94, which matched the 0.618 subwave target, quickly reversed and reclaimed $2.96. This fast recovery is classic behavior often seen when a market finds its bottom.

According to market analyst Casi Trades, the current setup could open the door for XRP to stabilize and possibly aim for higher targets, with levels like $4.80 already on the radar.

XRP Holds Strong At $2.96 Support

XRP’s latest price action delivered exactly what technical analysts were waiting for.  Adding even more weight to the case for a bottom is the Relative Strength Index (RSI). The RSI printed bullish divergence on both the 15-minute and the 1-hour charts. 

XRP Price

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