4-4-2025 – XRP, the cryptocurrency native to the Ripple network, has faced a choppy trading period, with its price slipping below the crucial $2.00 psychological level. Despite showing signs of a recovery akin to giants like Bitcoin and Ethereum, the token has struggled to sustain its footing above significant resistance zones.
Technical analysis tells a compelling story of XRP’s recent woes. The price briefly soared past $2.20, reaching a high of $2.2350, only to be met with a sharp sell-off. This retreat saw it tumble through multiple support levels, including $2.150 and $2.120, before hitting a weekly low of $1.9832. Data from Kraken’s hourly XRP/USD chart highlights a break below a contracting triangle pattern, with its foundation at $2.080, intensifying the downward shift. Currently, XRP trades below $2.10 and the 100-hourly Simple Moving Average—a critical gauge for market watchers.
The path forward looks challenging. XRP has edged up slightly, crossing the 23.6% Fibonacci retracement of its drop from $2.235 to $1.983. However, resistance looms near $2.070, with a tougher hurdle at $2.10—aligning with the 50% retracement level. Overcoming this could spark a climb towards $2.1750, and possibly higher to $2.20 or even $2.50. On the flip side, if bearish forces prevail, support at $2.020 and the pivotal $2.00 mark will be tested. A fall below $2.00 might trigger a further slide to $1.980 or $1.950.
Crypto analyst Egrag has offered a striking prediction for April, based on monthly XRP/USDT trends. Despite labelling the current mood a “boredom phase,” Egrag foresees notable price action. A dip to the $1.79–$1.90 range could occur as a fleeting wick, while a surge to $2.80–$3.00 remains plausible—though neither is likely to endure. Most eye-catching is the prospect of a 62–70% rally from a low around $1.79–$1.90, should key technical barriers give way.
The market’s mood reflects growing frustration. Many anticipated a price surge after Ripple’s SEC case concluded, only to encounter persistent sideways trading. Egrag points to fading interest and trader fatigue as culprits. For now, XRP sits in a narrow band, digesting its losses. Its next move hinges on whether bullish momentum can shatter the $2.10 ceiling or bearish pressure drives it below $2.00.
