XRP (XRP-USD) may have found its footing after a rough two-week dip, with analysts now calling for a potential breakout toward $3.80—or even as high as $8—if key resistance levels fall. But not everyone’s sold on the comeback just yet.
Traders Spot Bullish Divergence as Price Holds Support
After tumbling 22% between March 19 and March 31, XRP bounced from $2.02 to a recent high of $2.20. It’s now hovering just above $2.05. That modest recovery may not seem like much, but according to analyst CasiTrades, the signs under the hood are promising.
In a March 31 post on X, CasiTrades flagged “bullish divergences from the 15-min all the way up to the 4-hour chart.” In simple terms: price made lower lows, but the relative strength index (RSI) made higher lows—a sign momentum is shifting.
“That’s the kind of signal we want to see for both short-term bottom and macro!” she said. The key level now? $2.25. “If we break above $2.25 with strong momentum, that would invalidate the need for another support retest, a very bullish sign.”
She’s aiming for $2.70 and $3.80 this month, assuming the bounce holds.
Brandt Warns XRP Could Form Bearish Pattern if $1.90 Breaks
Not all eyes are on the upside. Veteran trader Peter Brandt sees a “textbook” head-and-shoulders (H&S) pattern forming. If XRP falls below the neckline at $1.90, Brandt thinks it could plunge to $1.07.
“Below $1.9, I would not want to own it,” he said plainly. “H&S projects to $1.07. Don’t shoot the messenger.”
Still, he added the pattern would be invalidated if XRP clears and holds above $3.00.
Dark Defender Targets $8 XRP as Fibonacci Holds
Meanwhile, analyst Dark Defender leans bullish, too. He says XRP may revisit the $2.04 Fibonacci level before aiming much higher.
“April–May will be hot,” he posted, setting targets between $5 and $8. But he flagged $2.22 as a resistance XRP “should break” to confirm a Wave 5 rally.
Tariffs Could Throw a Wrench in XRP’s Near-Term Setup
Macroeconomic pressure could still throw a wrench in XRP’s short-term price action. April 2 U.S. tariffs may stir trader nerves and briefly send XRP toward $1.31.
Bottom line? XRP is approaching a line in the sand. A strong push above $2.25 could fuel a rally toward $3.80, but a break below $1.90 might flip the momentum firmly in the bears’ favor. At the time of writing, XRP is sitting at $2.12.
