TLDR
- XRP price declined after failing to clear $2.2350 resistance, forming a new weekly low at $1.9832
- Currently trading below $2.10 and the 100-hourly Simple Moving Average
- Technical indicators show bearish momentum with MACD gaining pace in the bearish zone
- Analyst Egrag predicts April could see testing of both $1.90-$1.79 (downside) and $2.80-$3.00 (upside) ranges
- A potential 62-70% rally could occur from the lowest point once certain technical thresholds are broken
A Look at Recent XRP Price Movements
XRP has experienced a fresh decline after failing to break through the $2.2350 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average, indicating growing bearish pressure in the market.
The decline began after XRP attempted a recovery wave above $2.120 and $2.20 resistance levels. While the price briefly spiked above $2.20, bears quickly emerged to push it downward.
A high was formed at $2.2350 before a strong bearish reaction took hold. The price subsequently dipped below several support levels at $2.150 and $2.120.
Technical analysis shows a break below a short-term contracting triangle with support at $2.080 on the hourly chart of the XRP/USD pair.
A new weekly low was recorded at $1.9832, and the price is currently consolidating these losses.
Key Support and Resistance Levels
On the upside, XRP might face resistance near the $2.070 level. The first major resistance sits around the $2.10 mark.
The 50% Fibonacci retracement level of the downward move from the $2.235 swing high to the $1.983 low is also near the $2.10 level, reinforcing this as a key resistance point.
The next resistance levels are at $2.1750 and $2.20. A clear move above $2.1750 might push the price toward the $2.20 resistance or even higher to $2.40 in the near term.
If XRP fails to clear the $2.10 resistance zone, it could start another decline. Initial support is near the $2.020 level, with the next major support around $2.00.
A downside break and close below $2.00 might extend the decline toward the $1.980 support or even the $1.950 zone.
April Price Predictions From Analysts
Crypto analyst Egrag has shared an XRP price prediction for April, suggesting that current market sentiment remains in what he calls a “boredom phase.”
#XRP – April Candle Formation Forecast
April is shaping up to be a dynamic month where we’ll see tests at both ends of the range. Here's what to expect:
1⃣ Lows Testing: #XRP will likely revisit the lows around $1.90-$1.79—this will be a wicking process.
2⃣ Highs Testing:… pic.twitter.com/6RqfsLX5OS
— EGRAG CRYPTO (@egragcrypto) April 2, 2025
Egrag’s analysis, based on a monthly time frame chart (XRP/USDT), shows an anticipated April candle that could see price testing both upper and lower ranges.
According to the analyst, a potential downside wick may pull the price back into the $1.90–$1.79 region. This would likely be a short-lived “wicking process” rather than a sustained drop.
On the upper end, the chart suggests that a spike toward $2.80–$3.00 is also possible during April. Similar to the low-range testing, any move to this zone would likely be brief.
One of the most striking predictions is a potential 62–70% rally measured from the lowest point of the downside wick (around $1.79–$1.90). This upside movement could be swift once certain technical thresholds are broken.
Egrag attributes the current range-bound conditions to waning interest and mental fatigue among traders following the post-SEC-case price action, which failed to meet expectations of an instant surge.
The analyst suggests that accumulating XRP during this period might be more beneficial than attempting to time every short-term market fluctuation.
At the time of reporting, XRP is trading at approximately $2.15, reflecting the continued volatility in this market.
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