Prominent crypto analyst CryptoBull (@CryptoBull2020) has posted a technical chart on X suggesting that XRP is set to continue its downward trajectory throughout April. The chart he shared features a clear descending triangle pattern with converging trendlines and a decisive move below a key support level.
#XRP will continue downtrend in April. May and June will be explosive. pic.twitter.com/P2sxMIr66m
— CryptoBull (@CryptoBull2020) April 7, 2025
This analysis aligns with his short-term bearish outlook on the asset. XRP recently experienced a notable drop, falling to $1.64, its lowest price in 2025. This bearish turn has shocked the market, as the asset has fallen below crucial resistance levels.
The chart shows XRP trading around $1.85, having broken beneath a multi-month support level tested repeatedly since late 2024. According to CryptoBull, XRP has been locked in a descending pattern, with lower highs and sustained pressure near support.
The latest price action reflects a breakdown below this zone, supported by the visible drop through the lower white trendline. The analyst predicted that the asset would likely continue the bearish trend in April.
This bearish outlook is supported by the digital asset’s failed attempts to hold above the support trendline and the 200-day moving average, intersecting in the chart’s lower range. However, CryptoBull remains confident in a potential bullish reversal in the coming months.
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Outlook for May and June Turns Positive
Despite the bearish setup for April, CryptoBull remains optimistic about XRP’s trajectory in the mid-term. He believes May and June will be “explosive,” implying a strong upward move following the current consolidation and decline.
This suggests he expects a breakout from the descending triangle pattern, possibly on the upper side once the current correction runs its course. The descending triangle shown in the chart is typically considered a bearish pattern, but once the asset exhausts its range and breaks out, it can mark the start of a significant trend reversal.
The setup here ends around late May to early June, aligning with CryptoBull’s timing for the anticipated breakout. Market observers following CryptoBull’s analysis may interpret the current phase as a potential accumulation zone.
Another crypto expert recently described buying XRP at current prices as a no-brainer. Although the breakdown from support adds risk in the near term, the falling price makes accumulation the right move as the crypto world anticipates the breakout.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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