Ripple (XRP) Price Prediction: Analyst Warns of Possible Drop to Rp12,370

At the same time, a renowned analyst raised the alarm about the potential for XRP’s price to drop to $0.74 or around Rp12370. However, behind this short-term bearish sentiment

Jakarta, Puntu News - Bankless founder, Colin Wu, has shared his perspective on the current market sentiment and technical analysis of XRP.

At the same time, a renowned analyst at EGRAG CRYPTO has raised the alarm about the potential for XRP’s price to drop to $0.74 or around Rp12,370. However, behind this short-term bearish sentiment, there remains hope for a potential significant recovery in the future.

Historical pattern triggers XRP correction prediction

EGRAG CRYPTO market analysts mentioned that the current price movement of XRP has similarities to the correction patterns that occurred in 2017 and 2021. In both periods, XRP experienced sharp declines of 73% and 78% respectively before recording massive price spikes.

Based on this data, EGRAG predicts that XRP has the potential to decline to the level of $0.91 (IDR 15,207) or even $0.74 (IDR 12,370).

This prediction is based on the price movement patterns repeated in previous crypto market cycles. EGRAG asserts that while a sharp correction is possible, XRP has previously managed to bounce back with price increases of 2,700% in 2017 and 1,000% in 2021. Therefore, it maintains an optimistic view of a possible future uptrend.

Also Read: Robert Kiyosaki Predicts Bitcoin Will Create Generational Wealth

Technical Indicators Signal Bullish Potential

In its technical analysis, EGRAG highlights the important role of the 200-day moving average (200 MA) as a key support zone. In the previous correction, XRP briefly dipped below this line but then bounced back, signaling that fundamental strength was maintained.

He also emphasized the importance of the interaction between the 50 MA and 200 MA lines. As long as there is no bearish crossover between the two, the opportunity for a price rally is still open. If the price touches the 200 MA and goes back up without a downward breakout, then the potential for a bull run remains.

Current Status and Market Sentiment towards XRP

Currently, the price of XRP is hovering around $1.78, with trading volume surging by 500% to reach $12 billion. The daily low was recorded at $1.64 (IDR27,405), while the high reached $2.09 (IDR34,946), indicating high volatility in the market.

In addition, interest in XRP futures contracts also decreased by 18%, with Open Interest falling to $2.9 billion. This decline reflects market participants’ caution on the next price direction, although some analysts continue to express a positive long-term outlook.

Optimism Persists Amid Uncertainty

Although the short-term situation looks stressful, some observers still think XRP has the potential to recover. In fact, Ripple’s CTO, David Schwartz, recently delivered positive news that is believed to be able to lift market sentiment. This shows that the fundamental development of the company remains an important factor behind the price movements of cryptos like XRP.

The current state of the crypto market is challenging, but it does not rule out the possibility of a recovery in the coming months. An understanding of technical analysis and macroeconomic factors remains an important tool for investors to make the right decisions amid market dynamics.

Conclusion

The price of Ripple (XRP) is under intense pressure due to the broad crypto market correction. Analysts predict a possible price drop to IDR12,370, but also underline the possibility of a significant rebound based on historical patterns. Taking into account technical indicators and market sentiment, investors need to be cautious but remain open to the potential for a long-term recovery in the cryptocurrency space.

Read More: Impact of Market Correction: Analysis of 4 Altcoins as Crypto Experiences Pressure Beginning April 2025

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling