XRP continues to decline, losing over 1% in the last 24 hours, unable to hold above the $2 level. This level serves as an important support zone. The Bitcoin market sentiment remains positive, trading above $85,500. Let's explore what’s next for XRP in April.
Current XRP Situation
XRP failed to maintain above the $2 level, which has long been a significant support. Such a drop may indicate potential challenges for XRP in the near future.
Analysts' Forecasts
According to analyst Egrag Crypto, April is likely to see XRP test both the lower and upper ends of the range. It is expected to revisit lows around $1.90–$1.79 and also test the upper limits near $2.80–$3.00.
XRP's Future in This Cycle
If the downside holds, there is potential for a 62–70% upside from the lowest point. The analyst believes the market is still in the 'boredom phase,' and following the final dip to the $2 region, there may be a strong upward move.
April could be a pivotal period for XRP, with chances to test key levels. A sharp phase jump could lead to significant price movement if current supports hold.
