After XRP Price Crash, Should You Buy Or Panic Sell? Analysts Debate

April was a wild ride for XRP. The month began with the price sitting around $2.0897 before taking a sharp 14.06% dive early on. But things quickly turned around with a strong 20.08% rally between April 9 and 12. By April 28, XRP peaked at $2.3618. Since then, it’s dropped 3.98%, with an additional 2% slide in the last 24 hours.

Now, the big question is: is this just a pullback, or are we looking at a much deeper correction?

Will XRP Price Crash in May?

The recent dip has sparked debate among analysts. Some believe XRP could crash to as low as $1.55, while others argue that this is just a temporary dip before another major rally.

Crypto analyst BLOCK BULL foresees a potential drop in the XRP market, suggesting that the price may dip below $2 in the short term. His forecast comes after XRP was rejected at the top of a bull flag pattern. Since then, the market has fallen by over 8%, and BLOCK BULL predicts a further decline to as low as $1.55—an over 30% drop from the recent high.

Ripple’s Strength Keeps Optimism Alive

Despite the bearish outlook from some analysts, many experts, including BLOCK BULL, believe the recent downturn is only temporary. They highlight XRP’s solid fundamentals, citing Ripple’s strategic partnerships, regulatory progress, and growing institutional adoption as key factors driving long-term growth.

One key factor is Ripple’s progress with the SEC. After managing to halt legal proceedings with the U.S. Securities and Exchange Commission, a permanent settlement now seems more likely — and that could be a major boost for XRP.

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XRP Price Analysis

Despite the current dip, most experts see this as an ideal buying opportunity. BLOCK BULL points out that whales are using price drops to accumulate more XRP, positioning themselves for the next upward move. Another analyst, BitGuru, sees $2.15 as a crucial support level. If XRP holds above this level, it could potentially bounce back to $2.25 or even higher.

Brett also believes in XRP’s long-term potential, stressing that the real value will be evident for those who hold through market fluctuations.

Conclusion

The consensus is clear: While XRP may experience short-term volatility, the current dip is an opportunity for long-term investors. With strong fundamentals and an improving regulatory environment, XRP’s price could see significant gains in the coming months.

Keep an eye on support levels and market trends as we head into May – be ready for what’s next.

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