- XRP Crashes 13%, Nears Critical $2.00 Support: Currently trading at $2.15, down 13.2% on the day and 15.9% this week, risking a further drop if $2.00 support fails.
- Hidden Bullish Divergence Signals Possible Reversal: Analyst Javon Marks sees higher lows in price but lower lows in RSI, a classic bullish setup suggesting selling pressure may be fading.
- Potential Rally to $3.80 If Support Holds: If XRP maintains $2.00, it could retrace 2017’s historic surge, targeting $3.80 and a new all-time high—but a breakdown could lead to further losses.
XRP’s latest price action has been brutal, but crypto analyst Javon Marks believes it’s setting up for a major continuation rally. Sharing his thoughts on X (formerly Twitter), Marks pointed to a “hidden bullish divergence”on the daily candlestick chart—an indicator that suggests selling pressure may be slowing down, even as XRP tumbles.
XRP Dips Below $2.15—But A Bullish Setup is Taking Shape
XRP has been under relentless sell pressure for the past week, with losses accelerating in the last 24 hours. Currently trading at $2.15, XRP is down 13.2% on the day and 15.9% over the past week, creeping dangerously close to the crucial $2.00 support level.
Despite the bloodbath, Marks’ analysis suggests that XRP’s decline is actually part of a hidden bullish divergence pattern. This occurs when the price forms higher lows and higher highs, but the RSI prints lower lows and lower highs—a setup often associated with trend reversals. Essentially, it implies that momentum indicators show exaggerated selling pressure, even as price structure remains intact.
source: tradingview
“Massive Wave Up” Ahead? Price Targets to Watch
According to Marks, XRP is gearing up for a “massive continuation wave up”, with technical confirmations already in place. He first called out this pattern back on February 18, describing it as forming in “textbook fashion”.
If the pattern holds, XRP could push to at least $3.80, breaking past its previous all-time high of $3.40. However, for this to materialize, XRP must stay above the $2.00 bullish divergence support. A sustained drop below this level could challenge the entire bullish outlook.
Could XRP Repeat 2017’s Historic Rally?
Adding weight to his case, Marks also noted structural similarities between XRP’s current price consolidation and its market behavior in early 2017.
Back then, XRP moved sideways for weeks following a strong rally, before exploding to new highs. While this current phase has lasted longer than in 2017, the overall structure remains strikingly similar. If history repeats, another major leg up could be just around the corner.
Final Thoughts—Can XRP Hold the Line?
For now, XRP is holding on at $2.15, but the key battle is at the $2.00 support level. If buyers defend this area, the bullish divergence could play out, leading to an eventual breakout toward $3.80. However, if XRP loses $2.00, the bearish case strengthens, and we could see further downside in the near term.
The next few trading sessions will be crucial—either XRP flips bullish, or the selloff deepens.
