Could XRP Find Support at $2.05? Analyst Examines Potential Bottom

Recent price action in XRP has piqued the interest of traders and analysts, leading to questions about whether the recent dip to $2.05 marks a temporary bottom for the cryptocurrency. Casitrade, known for its insightful analysis, indicates that XRP reached the .786 Fibonacci retracement level at $2.05, a historically significant zone for price reversals. This coincides with the emergence of bullish divergences on multiple timeframes, including the 15-minute and 4-hour charts, suggesting a potential reversal in motion.