Fun

XRP Breakout Still Likely This April, Analyst Says $12+ In Play

News Feed - 2025-04-18 09:04:12

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.


The price of XRP continues to coil just above the mid‑$2 region, but veteran market technician CasiTrades (@CasiTrades) believes the consolidation is the calm before a violent impulse higher. In a four‑hour chart published on X on 17 April, the analyst traces an Elliott Wave count showing the token finishing a textbook Wave 2 correction that began after December’s cycle high near the 0.118 Fibonacci band at $3.40. XRP Breakout In April Still Possible


From the peak labelled (1), XRP has followed a sharp, three‑legged A–B–C pullback (drawn in gold). Leg A bottomed in February at $1.77. Leg B retraced to the 0.236 level at $2.99 before the current slide in Leg C, which has thus far defended the 0.618 retracement at $1.54. Below lies a thick liquidity pocket between the 0.618 and 0.65 retracements—$1.55 to $1.45—highlighted by a green box on the chart. XRP price analysis | Source: X @CasiTrades


CasiTrades describes that zone as “the most likely target” for any final sweep lower, but stresses that price “has shown solid support at the 0.5 retrace ($1.90). On the macro timeframe, not much has changed.” Related Reading XRP Is The ‘Strongest Chart In Crypto,’ Says Analyst 1 day ago


The chart also flags the 0.382 retracement at $2.24 with a red line—the final ceiling that must be reclaimed to confirm bullish reversal. “To break major resistance at $2.24 (the 0.382), we’ll likely need one final push off either $1.90 or $1.55. If XRP clears and holds $2.24, these lower levels become far less likely,” the analyst writes. The market has already printed a series of higher lows on the four‑hour Relative Strength Index while price carved lower lows, producing a clear bullish divergence that reinforces the idea that selling pressure is exhausting.


CasiTrades argues that the macro structure remains intact: the decline of the past four months is Wave 2 inside a much larger five‑wave advance. “We are very close to ending this correction, whether the low is already in or we need one more support test, I still believe we’re about to enter macro Wave 3,” she notes.


Under classical Elliott guidelines, one wave of every impulse must extend, and the analyst expects that role to fall to Wave 3. Using Fibonacci expansion from the Wave 1 impulse—the vertical purple projection—she derives upside objectives at the 1.618, 2.618 and 3.618 extensions: $6.50, $9.50 and “$12+” respectively.


“One wave must extend in every impulse and most likely this willhappen on Wave 3. This isn’t hype, this is textbook Fibonacci + Elliott Wave logic. Correction bottom is either here or very near. Once Wave 3 begins, it only takes weeks, not months,” she explains. Related Reading Why XRP Could Beat Dogecoin, Solana In ETF Race And Trigger A Price Surge 1 day ago


Sceptics questioned whether algorithmic manipulation might have invalidated traditional tools, but the analyst remains unmoved. “This price action has been frustrating, but I believe the market is largely driven by algos that to complete specific patterns, these patterns make money for their creator. Strong demand may be delaying the final push lower, but I still believe the market likely needs to test those support levels to grab liquidity before a breakout. We’re at a critical test right now. If buyers can push the price above $2.24, it could shift the algos instead of hunting lower, they may flip direction and chase momentum.”


Time, she insists, is running out for bears. “We’re mid‑April now. If XRP tags that final support, even by the end of this week, and volume steps in, a breakout to new highs could very realistically kick off in late April and still satisfy the April breakout outlook.”


As of press time XRP is trading near $2.16 on Binance, only a few percentage points below the critical $2.24 trigger. XRP holds above the key support zone, 1-day chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Indian Regulator: Crypto’s Decentralized Nature Makes Regulation Challenging
Indian Regulator: Crypto"s Decentralized Nature Makes Regulation Challenging India’s market regulator, the Securities and Exchange Board of India (SEBI), says the decentrali
Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike
Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike Bitcoin derivatives markets have been seeing significant
KP2R Network: A Decentralized Marketplace for Developers
KP2R Network: A Decentralized Marketplace for Developers PRESS RELEASE. The past decade has witnessed a revolution in traditional finance led by the utilization
William Suberg57 minutes agoInordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peakBitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinal
Darknet Vendors Work Overtime as Police Halt Drug Arrests
Darknet Vendors Work Overtime as Police Halt Drug Arrests The coronavirus is having a strange effect on the war on drugs. Narcotics activities that were deemed serious crimes onl
Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report
Bitcoin Halving Capitulation: "Mining Death Spirals Don"t Happen in Real Life," Says Report As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner
TIME Partners With Cool Cats NFT Project, Business Magazine Fortune’s NFT Sale Raises $1.3M
TIME Partners With Cool Cats NFT Project, Business Magazine Fortune"s NFT Sale Raises $1.3M Two of the largest American news magazines, Fortune and TIME, have ju
ENS to end eth.link domain suit after DAO greenlights $300K settlement
Jesse Coghlan5 hours agoENS to end eth.link domain suit after DAO greenlights $300K settlementENS Labs has been given approval from its DAO to settle and dismiss a legal fight over the ownership of the eth.link domain.81
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review From a desperate investor’s ill-advised vi
PewDiePie Explains Controversial ADL Donation U-Turn, Slams 'Nazi Cross' Alarm
PewDiePie"s long-awaited response to the fallout from his decision to pull a $50,000 donation from the ADL (Anti-Defamation League) is here. In a typically honest display, the YouTube king demonstrates why he is so popul
Countdown to Cardano’s Hard Fork: Goguen Phase Smart Contracts ‘Represent a Big Step Forward’
Countdown to Cardano"s Hard Fork: Goguen Phase Smart Contracts "Represent a Big Step Forward" The digital currency network Cardano is two days away from the upcoming hard fork on S
Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December
Este artículo también está disponible en español. The Bitcoin price action was marked by ups and downsin the just concluded week, serving as a reminder of the volatile na