Prominent crypto analyst CryptoBull has shared a technical analysis suggesting XRP is set for continued decline in April, with a potential recovery in the coming months.
Current Market Situation of XRP
Analyst CryptoBull (@CryptoBull2020) posted a technical chart on X indicating that XRP will continue its downward trajectory. The chart showcases a clear descending triangle pattern with converging trendlines and a significant move below a key support level. XRP recently dropped to $1.64, marking its lowest price in 2025, falling below critical resistance levels.
Outlook for May and June
Despite the bearish outlook for April, CryptoBull is optimistic about XRP's trajectory in the mid-term. He believes May and June will be 'explosive,' signaling a potential strong upward movement following the current consolidation. The descending triangle shown in the chart is typically a bearish pattern, but breaking out in the upper direction could mark the beginning of a substantial trend reversal.
Conclusion
This analysis indicates that while the current situation for XRP is challenging, there are grounds for optimism regarding future price movements. CryptoBull's analysis may be interpreted as a signal for a potential accumulation zone for investors, indicating readiness for possible market changes in the upcoming months.
Overall insights drawn from this analysis capture attention. XRP might find itself in a situation where current declines give way to active growth soon.
