The last price activity has attracted the market’s attention as it seems that the possible reflection in the short term is formed. In X, Crypto Ali expert pointed to a major technical indicator that may indicate that the bounce is under progress.
He wrote: “XRP can be prepared for apostasy! Reservation is over $ 2 while TD Sequential Signal Signal!” This observation is in line with the visual graph patterns that give up a change in the direction. With the price of XRP to keep support at $ 2, traders monitor this development.
Technical analysis of the XRP price
XRP remained in a declining direction from March 24 to April 2, characterized by multiple consecutive tall candles. On the first of April, the market formed a strong dumping candle with a lower long removal, indicating its price rejection at lower levels. The following session was produced on April 2, a Doji candle, indicating the frequency among the market participants.
By April 3, the formation of a rising candle brought a new attention to the graph. The price of XRP exceeds the level of $ 2.00, a psychological support area that has been tested twice in recent days. This consistent defense indicates a field in which buyers show interest, creating a basis for potential recovery.
One of the focal points in Ali’s tweet is the TD sequence index. Seeing “9” floats on the surface on the graph? This usually suggests that we may approach the reflection. It is an indication that many technical traders are looking for, indicating that the current trend may lose Steam or take a break.
Some other things also support this, such as intermittent vertical trend line and ascending arrow, both indicate a potential transformation of momentum. These visual signals are interpreted by many as preparing for the upward movement, provided that the XRP price procedures confirm the preparation in the following sessions.
Also read: Pi -currency predictions for this day (April 3)
XRP key levels and future expectations
Now, the level of $ 2.00 is still a major support zone to see. If the XRP price can close over the 2.08 – 2.10 dollar range on the daily chart, this may be the green light for a higher move.
In this case, the next resistance levels are to monitor $ 2.20, $ 2.35 and $ 2.50. These are not just random numbers; They line up with the place where prices interact in the past, so that they can be important checkpoints if the gathering continues.
On the other hand, if the XRP price is not able to stay above $ 2.00, this setting may collapse completely. Low below may open the door to more negative side, with the following support areas about $ 1.90 and $ 1.80.
XRP market morale and strategy
Several days after Detression pressure, the XRP price may enter the sale. The region, which prompted some merchants to consider entries on the basis of reflection signs. So, while the graph shows a possible bounce, the traders are likely to wait for more confirmation-specifically, a strong step of resistance in the short term.
Currently, XRP hovers near the support area of ​​$ 2.00. The next few trading sessions may be crucial in determining whether we are looking at the beginning of a larger recovery or just a short stop before the direction continues.
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