Fun

This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets

News Feed - 2025-04-09 03:04:45

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Crypto analyst Joao, who correctly predicted the XRP price crash , has revealed the altcoin’s next targets. Based on his latest prediction, more pain could lie ahead for XRP, which could still drop below $1.  What’s Next For The XRP Price After The Crash Below $2


In a TradingView post, Joao stated that a long-term distribution phase could be the “most chaotic scenario” for the XRP price following its crash below $2. Through his accompanying chart, the analyst illustrated a “ radical distribution scheme” that could potentially extend into late 2025.  Related Reading XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9 1 week ago


Joao remarked that the XRP price could first show a sign of weakness, dropping below the COVID dump levels, possibly close to $0.10. As that plays out, XRP could follow the Scheme 1 or 2 trajectory. For Scheme 1, the analyst predicts that XRP would drop to $0.1 and then bounce back to $0.4, which is the last point of supply. 


On the other hand, if Scheme 2 plays out, he predicts that the XRP price could spike between $5 and $6.8, with an average peak around $5.5 to $5.7, which would likely trigger extreme euphoria. Joao warned that this is just one of the “insane” possibilities and that XRP’s price action will depend heavily on Bitcoin, market makers, supply and demand, public interest, and the macro market.  Source: Joao on Tradingview


Crypto analyst John also recently warned that the XRP price retracementcould deepen to mid-2024 levels, with the altcoin dropping to the Fib price level of $0.3827. The analyst highlighted a bearish engulfing that formed on XRP’s weekly chart in late March, which is why he believes that the altcoin could still drop to these lows. 


Meanwhile, crypto analyst Egrag Cryptostated that based on an ascending broadening wedge, there is a 70% chance of a downside breakout and a 30% chance of a move to the upside. He claimed that the measured move for the downside breakout for the XRP price is $0.65.  $1.90 Has Become Resistance For The Altcoin


In an X post, crypto analyst CasiTradesrevealed that $1.90 has become a major resistance to the XRP price. She noted that the altcoin’s price fell to around $1.61 following the Black Monday crash on April 7. This low is said to have made new extremes on the RSI across the market, and it was just shy of major support.  Related Reading XRP Flashes Descending Trendline, Why A Surge To $4 Is Still In The Cards 2 weeks ago


The XRP price has since rebounded to test the $1.90 level, which CasiTrades affirmed is a major resistance at this point. She remarked that the next support is $1.55, the golden .618 retracement. The analyst added that this price action is exactly what sets up the kind of Wave 3 that breaks through all-time highs (ATHs). 


In line with this, CasiTrades claimed that if the XRP price bottoms near $1.55, it would actually strengthen the bullish case for a rally to between $8 and $13 this month. She believes that XRP would easily break the resistance around its ATH on this Wave 3 and possibly send it to as high as $13. 


At the time of writing, the XRP price is trading at around $1.8, up over 10% in the last 24 hours, according to datafrom CoinMarketCap. XRP trading at $1.8 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com

News Feed

Bitcoin price eyes 11% monthly gains as DXY threatens 'major' plunge
William Suberg9 hours agoBitcoin price eyes 11% monthly gains as DXY threatens "major" plungeBitcoin may clinch the best September in history if bulls can protect BTC price support into the monthly close.6366 Total view
Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live
Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live PRESS RELEASE. Yearnify Finance is a community-centered DeFi-pro
Ethereum Profit Streak Signals ATH Breakout For Over 90% Of Investors
Este artículo también está disponible en español. Ethereum (ETH) is once again in the news, but this time it’s good news for buyers. Recent data shows that over 90%
MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis
MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis A new television series by MTV features arguably the channel’s first cr
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs)
Ethereum’s Dencun upgrade to launch in 2 days: Here’s why it matters
Zoltan Vardai12 hours agoEthereum’s Dencun upgrade to launch in 2 days: Here’s why it mattersDencun — the most-anticipated upgrade since the Merge — is set to ship in two days, promising to significantly reduce l
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month Digital currency markets have been tumultuous during the past month as bitc
Helen Partz13 hours agoCoinbase wins NFA approval to offer Bitcoin and Ether futures in USCoinbase is preparing to roll out cryptocurrency futures trading for institutional investors in the United States.4880 Total views
Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more
Ana Paula Pereira3 hours agoCrypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and moreThis week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting
US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’
US Turmoil and Negative Interest Rates - Billionaire Michael Novogratz Says "Watch Gold and Bitcoin"For the first time since October 2019, Federal Reserve Chair Jerome Powell admitt
Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’
Governor of Bank of Spain: Crypto Markets Are "Bigger Than Subprime Mortgages Before the Financial Market Crisis" Pablo Hernandez de Cos, governor of the Bank of Spain, has again w