The crypto market never sleeps, and neither do sharp-eyed analysts — especially when a top coin like XRP begins signaling a potential bullish reversal. As of April 9, XRP is trading at $1.82, having dropped 3.2% in the last 24 hours and 12.8% in the past week. However, zoom out and the story shifts: XRP is still up over 193% year-over-year, indicating that its recent dip may simply be a correction before the next major breakout.
Wallstreet Queen Official is tracking these developments closely, and here’s why the XRP setup deserves attention from every serious crypto spectator:
Key Support Levels and Elliott Wave Signals
Popular technical analyst CasiTrades is pointing to a strong bounce from $1.55 — a level that aligns perfectly with the 0.618 Fibonacci retracement. This suggests that XRP might be completing subwave 2 within a larger Elliott Wave corrective pattern. If confirmed, this could mark the beginning of a powerful leg upward.
According to her analysis, $1.81 is a pivotal level — holding this line could protect against further downside. If broken, look for interim support at $1.71, and ultimately $1.55, which remains a key golden ratio zone to watch. The potential for a bullish RSI divergence is also developing, signaling possible buyer re-entry.
Long-Term Targets: Eyes on $4.50
Adding to the optimistic tone, analyst Dr. Cat projects a longer-term target of $4.50, based on a 1.618 Fibonacci extension. His view holds even if Bitcoin fails to break new highs in the current cycle. However, he warns that a 2-day close below $1.69 could jeopardize this bullish outlook. Still, he puts a 50% probability that the bottom is already in — a promising stat for bullish traders.
Breakout Zones to Watch
Another respected voice, EGRAG, highlights crucial resistance levels for XRP’s next rally:
$2.24 – aligns with the 21-day EMA
$2.30 – minor fib level
$2.47 and $2.70 – major fib resistance points
According to EGRAG, a close above $2.70 could be the confirmation traders need to go long and ride the next big wave up.
—
Wallstreet Queen Official Takeaway
At Wallstreet Queen Official, we believe that true crypto spectators don’t just chase pumps — they analyze market structure, identify momentum shifts, and move with precision. XRP’s technical landscape is shaping up for a potential turnaround. While risks remain, especially if $1.55 fails to hold, the convergence of key support levels, RSI indicators, and Fibonacci structures suggests we may be close to the end of this correction.
Don’t miss out on market-defining moves. Follow Wallstreet Queen Official for more elite analysis, real-time crypto signals, and strategies tailored for both active traders and long-term believers. The next wave could already be forming — will you be ready?
Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
Leave a Reply