Expert pinpoints XRP’s turnaround zone to watch out for
A cryptocurrency analyst has identified a zone just below the $2 mark that he believes could serve as a much-needed local bottom for XRP. Specifically, pseudonymous analyst CrediBULL highlighted the $1.60 mark as a potential turning point for the asset following an extended period of consolidation, as shared in an X post on April 19. The Analysis is based on XRP’s price action and Cumulative Volume Delta (CVD) divergence, suggesting a local bottom may have formed around the $1.60 area. XRP price analysis chart. Source: TradingView For the first time in weeks, price and spot CVD have started to diverge. While spot takers continue selling, typically reflected in a falling spot CVD, XRP’s price has begun to climb. This phenomenon, known as spot absorption, suggests that larger players may be stepping in to absorb sell-side pressure at a key support level. Therefore, this marks a clear shift from previous price behavior, where XRP typically moved in sy...