XRP has spent the past week moving around $2.80, with repeated tests of both higher levels at $2.88 and lower levels at $2.71 failing to deliver a decisive breakout.
The analyst noted that the altcoin closed just over $2.80 in the latest three-day candlestick session, and this coincided with the appearance of hidden bullish divergence on the chart’s relative strength index (RSI). This divergence is a signal of underlying strength in spite of the most recent price downtrend.
Looking at the candles and support zones drawn on the chart above, the analysis outlines two different bullish possibilities. The first is what the analyst calls an April 7th moment.
On April 7th earlier this year, XRP experienced a sharp dip that saw it lose the stable $2 support level back then before finally settling at $1.79. This sharp dip brought the price down to retest its ascending support line before bouncing strongly higher in the weeks that followed.
A similar move now would see the asset retreat toward the trend line. This time, the price target is around $2.40, which is highlighted with the pink circle in the chart above. This will effectively reset momentum before launching into the next leg of the rally.
The second outcome, however, would play out without the need for that deeper correction. If the $2.72 support zone continues to hold, XRP could turn higher from its current price and begin reclaiming levels above $2.90 and $3.00 much sooner. This scenario would represent a more direct continuation of the bullish trend, with buyers stepping in aggressively to defend current support.
