- XRP may experience a brief dip to $1.79–$1.90 before a potential surge to $3.00.
- A possible 62–70% rally could follow if XRP rebounds from its lowest downside wick.
- XRP trades at $2.05, below the 20-day EMA of $2.24, signaling bearish pressure.
Crypto analyst Egrag has laid out a fresh prediction for XRP’s price movement this April, calling the current market phase a “boredom phase.” In his latest analysis, he points to several key levels that could define XRP’s path for the month, highlighting both potential spikes and pullbacks.
Using a monthly time frame (XRP/USDT), his chart hints at significant price swings before April wraps up. He anticipates that XRP may “wick-test” both upper and lower levels, meaning quick but temporary price movements in both directions.
Will XRP Touch $1.79 or Soar to $3.00?
Egrag’s chart suggests that XRP could experience a downside wick, briefly dipping into the $1.90–$1.79 range. However, he emphasizes that this drop would be short-lived, describing it as a “wick test” rather than a sustained decline.
On the flip side, there’s also a scenario where it spikes toward $2.80–$3.00 before the month concludes. Similar to the potential dip, this surge would likely be a brief probe into higher price territory before settling back into a more stable range.
We will also test the upper range at $2.80-$3.00, which will also be a wicking process,” Egrag explains.
One of the most striking aspects of the prediction is the potential for a 62–70% surge from the bottom of the recent downward wick. If the cryptocurrency drops into the $1.79–$1.90 range and then rebounds strongly, a sharp rally could follow.
Several key price levels are highlighted in Egrag’s chart, including $2.00, $2.05, $2.17, and $2.44, suggesting that the cryptocurrency might oscillate around the $2 mark before making a more decisive move. He speculates that this could be a critical stopping point before a bigger rally unfolds.
After revisiting the $2 region one last time, we could see a significant blastoff in this cycle!” he asserts.
Bearish Signals Weigh on XRP
At the moment, XRP is trading at $2.05, gaining 1.53% on the day. Despite this slight uptick, it remains below the 20-day EMA of $2.24, indicating that bearish pressure is still at play. The Market Value to Realized Value (MVRV) ratio has dropped beneath its 200-day moving average, another sign that selling momentum remains dominant.
Technical indicators further confirm this cautious outlook. XRP’s Relative Strength Index (RSI) is at 38.83, hovering close to the oversold zone. The 14-day RSI average stands at 44.95, signaling that buying interest is weak. Until buyers step in more aggressively, any upward move may struggle to sustain itself.
The MACD is also flashing bearish signals. The MACD line sits at -0.08584 below the signal line at -0.05590, accompanied by a negative histogram. For any meaningful recovery, the cryptocurrency would need the MACD to flip above the signal line, ideally with strong volume backing the move.
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