Is XRP’s Bounce Sustainable or Will it Hit Analyst’s $1.30 Target on April 8?
- XRP bounces to $1.91 after $1.61 dip, faces key resistance near $2.00 / $2.14 EMA
- Large whale transfer (200M XRP to Binance) adds caution, potential volatility signal
- Analysts split: Ali Charts sees potential dip to $1.30, Dark Defender notes $1.88 support
XRP’s price action has been highly volatile this week, leaving traders analyzing technical signals and debating the altcoin’s next potential move after a sharp dip and partial recovery.
The coin dropped to a daily low of $1.61 on Tuesday during a wider crypto market downturn, causing concern among holders, according to CoinMarketCap data. However, XRP demonstrated resilience, bouncing back significantly to trade around $1.91 at press time – marking a solid 7% gain over the last 24 hours.
What Resistance Must XRP Break for a Rally?
Despite the recovery, XRP faces significant hurdles to regain clear bullish momentum. It needs to overcome the psychological $2 resistance level. More critically, analysts point to the 20-day Exponential Moving Average (EMA), currently situated near $2.14, as a key technical barrier.
A decisive breakout above $2.14, backed by substantial trading volume, could potentia…
The post Is XRP’s Bounce Sustainable or Will it Hit Analyst’s $1.30 Target on April 8? appeared first on Coin Edition.
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Is XRP’s Bounce Sustainable or Will it Hit Analyst’s $1.30 Target on April 8?
- XRP bounces to $1.91 after $1.61 dip, faces key resistance near $2.00 / $2.14 EMA
- Large whale transfer (200M XRP to Binance) adds caution, potential volatility signal
- Analysts split: Ali Charts sees potential dip to $1.30, Dark Defender notes $1.88 support
XRP’s price action has been highly volatile this week, leaving traders analyzing technical signals and debating the altcoin’s next potential move after a sharp dip and partial recovery.
The coin dropped to a daily low of $1.61 on Tuesday during a wider crypto market downturn, causing concern among holders, according to CoinMarketCap data. However, XRP demonstrated resilience, bouncing back significantly to trade around $1.91 at press time – marking a solid 7% gain over the last 24 hours.
What Resistance Must XRP Break for a Rally?
Despite the recovery, XRP faces significant hurdles to regain clear bullish momentum. It needs to overcome the psychological $2 resistance level. More critically, analysts point to the 20-day Exponential Moving Average (EMA), currently situated near $2.14, as a key technical barrier.
A decisive breakout above $2.14, backed by substantial trading volume, could potentia…
The post Is XRP’s Bounce Sustainable or Will it Hit Analyst’s $1.30 Target on April 8? appeared first on Coin Edition.
Read More