XRP’s (XRP) price is trading 28% above its $1.94 lows reached on Feb. 28, up 6.5% over the last 24 hours. Traders keep rally hopes alive as the altcoin holds above a key support level.
XRP/USD daily chart. Source: Cointelegraph/TradingView
Elliott Wave analysis projects XRP price to $5.85
Dark Defender, a crypto market analyst, highlighted that XRP was trading above a key support zone in the four-hour timeframe, as shown in the chart below.
Note that this level represents the 38.2%…
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