Crypto analyst Egrag Crypto has shared a detailed price forecast for XRP in April, outlining potential movements in both directions.
Based on his analysis, he expects price action to test the lower and upper ranges before a breakout. The accompanying chart provides a technical perspective on how XRP might behave throughout the month.
#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:
Lows Testing: #XRP will likely revisit the lows around $1.90-$1.79—this will be a wicking process.
Highs Testing:… pic.twitter.com/6RqfsLX5OS
— EGRAG CRYPTO (@egragcrypto) April 2, 2025
Expected Lows and Highs
According to Egrag Crypto, XRP would experience downward movement early in the month, with price wicks revisiting the $1.90 to $1.79 range. This phase is characterized as a natural part of market fluctuations, where liquidity hunting occurs before a move higher. The analyst suggests that this price action will be temporary, indicating that it is part of a broader setup leading to higher levels.
On the upside, he anticipates a price test in the $2.80 to $3.00 range. Similar to the lower wicking process, this movement would likely be a brief test before the price settles into a defined range. The chart reflects these projections, showing the possible candle formations that might take shape throughout April.
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Potential for a 62-70% Increase
Egrag Crypto emphasizes that XRP could see an upside of 62% to 70% from the lowest point of the downside wick. This projection suggests that despite temporary pullbacks, a strong bullish move could be on the horizon. The analyst’s chart highlights potential price levels above $2.90, with some indications pointing toward an eventual rise above $3.40 if momentum is sustained.
This aligns with his broader market perspective that XRP is in a consolidation phase before a major move. He has previously referred to this stage as the “Boredom Phase,” a period of price stagnation before a strong breakout. He includes a link to his previous discussion on this concept, reinforcing his view that patience is required before seeing significant upward movement.
Final Retest and Breakout Expectation
Egrag Crypto suggests that XRP will revisit the $2 region one final time before a larger breakout occurs. This could be a crucial support test before the asset moves higher in its ongoing cycle. The analyst’s chart marks a potential price surge beyond the current trading range, possibly indicating a broader market trend.
In his message to the XRP community, he encourages investors to remain steady and resilient, expressing confidence that XRP’s price movement will ultimately be rewarding. He concludes with the idea that the current period of market inactivity will be followed by a significant surprise.
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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