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XRP Price To Revisit $2 Before ‘Final Blastoff’

Published by
Anjali Belgaumkar

XRP is currently down by more than 1% in the last 24 hours. The price is constantly failing to hold above the $2 level. In the past few months, the $2 level has been an important support zone and a dip below $2 may signal more trouble for XRP. The broader market sentiment is slightly shifting with Bitcoin trading above the $85,500 mark. Here’s a breakdown of what’s next for XRP in April: 

According to analyst Egrag Crypto, April is shaping up to be a key month, with price action expected to test both the lower and upper ends of the range. XRP is likely to revisit the lows around $1.90–$1.79 through a wicking process. 

At the same time, the upper range near $2.80–$3.00 will also be tested in a similar way. If the downside wick holds, there’s potential for a 62–70% upside from the lowest point. The market is still in the “boredom phase,” according to the analyst.  After one final dip to the $2 region, a strong upward move could follow in this cycle.

“After revisiting the $2 region one last time, we could see a significant blastoff in this cycle,” the analyst said.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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