XRP Price Prediction for April: Will the Token Bounce or Break Below $2.00?

XRP, the native cryptocurrency of the Ripple network, has experienced a rocky trading period with prices slipping below the $2.00 psychological threshold.

XRP price has been struggling to recover from recent losses and is now trading in a relatively narrow range. The recent attempt to break above the $2.120 and $2.20 resistance met with strong resistance from sellers.

A high was formed at $2.2350, but this was followed by a strong bearish reaction. The price subsequently dipped below multiple support levels at $2.150 and $2.120.

On the hourly chart of the XRP/USD pair, using data from Kraken, we can see that the price broke below a short-term contracting triangle with support at $2.080.

This breakdown resulted in a new weekly low of $1.9832, with the price now trading below both $2.10 and the 100-hourly Simple Moving Average, a key technical indicator.

The price has shown some attempt at recovery, moving above the 23.6% Fibonacci retracement level of the downward move from the $2.235 swing high to the $1.983 low.

On the upside, XRP may face immediate resistance near the $2.070 level, with major resistance forming near $2.10. This $2.10 level is especially important as it coincides with the 50% Fibonacci retracement level of the recent downward move.

If XRP manages to break above the $2.1750, it could continue to rise toward the $2.20 resistance or even higher targets at $2.2350, $2.40, and possibly $2.50 in the near term.

Support levels on the downside include $2.020 and the psychologically important $2.00 mark. If sellers manage to push the price below $2.00, we could see further weakness toward the $1.980 and $1.950 support zones.

Crypto analyst Egrag has shared a detailed XRP price prediction for April, using monthly timeframe analysis on the XRP/USDT pair.

Despite describing current market sentiment as being in a “boredom phase,” Egrag’s technical breakdown highlights the possibility of substantial price movement this month.

According to the analyst, XRP may experience a downside wick pulling prices into the $1.90–$1.79 region. However, Egrag characterizes this as potentially short-lived, suggesting any test of these lows may not persist for long.

On the optimistic side, the analyst indicates that a spike toward $2.80–$3.00 is also possible during April. Similar to the downside scenario, any move to these higher levels would likely form a short-term wick rather than establishing a new range.

One of the most notable points in Egrag’s analysis is the potential for a 62–70% rally measured from the lowest point of any downside wick (around the $1.79–$1.90 area). The analyst suggests this upside movement could materialize quickly once certain technical thresholds are broken.

Egrag also notes that many market participants grew frustrated after the resolution of Ripple’s SEC case failed to generate the immediate price surge that some had anticipated. He attributes the current sideways trading to diminishing interest and trader fatigue.