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Crypto analyst Joao predicted it correctly XRP Price crashrevealed Altcoin’s next target. Based on his latest predictions, there could be more pain beyond XRP, but this could still be under $1.
What’s next for XRP price after crashing under $2?
in TradingView PostJoao said the long-term distribution stage of XRP prices after a crash of less than $2 could be “the most confusing scenario.” Through his accompanying charts, the analyst said,Radical Distribution Scheme“It could potentially extend into the second half of 2025.
Related readings
Joao said the XRP price could first show signs of weaknesses. Covid dump level or belowprobably close to $0.10. As that happens, XRP can follow the trajectory of Scheme 1 or 2. For Scheme 1, analysts predict that XRP will drop to $0.1 and then return to $0.4. This is the last supply point.
On the other hand, if Scheme 2 is played, he predicts XRP prices could skyrocket between $5 and $6.8, with an average peak of around $5.5 to $5.7. Joao warned that this is one of the “inexplicable” possibilities and that XRP’s price action will depend heavily on Bitcoin, market makers, supply and demand, public interest, and macro markets.
Crypto analyst John also warned about it recently XRP Price Retracement Altcoin’s price level will be $0.3827, which could deepen in mid-2024. Analysts believe Altcoin can fall to these lows as they highlighted the bearish siege formed on XRP’s weekly charts in late March.
meanwhile, Crypto Analyst Egrag Crypto Based on the ascending spreading wedge, it states that the chances of a downside breakout are 70% and a 30% chance. He claimed that the measured movement of the XRP price downside breakout was $0.65.
$1.90 has become Altcoin’s resistance
x post, Crypto Analyst Castrades It revealed that $1.90 is a major resistance to XRP prices. She noted that the price of the altcoin fell to around $1.61 after the Black Monday crash on April 7th. This low is said to have created a new extreme with RSI across the market, which was shy with great support.
Related readings
The XRP price has since recovered to test the $1.90 level. This is the main resistance that Casitrades, as declared at this point. She said the next support was $1.55, a golden .618 retracement. Analysts added that this price measure sets exactly that wave 3. The best ever (As).
In line with this, Casitrades argued that if the XRP price is close to $1.55, it would actually bolster bullish lawsuits for a rally between $8 and $13 this month. She believes that XRP can easily destroy the resistance around this Wave 3 ATH, and perhaps send it to $13.
At the time of writing, XRP prices are trading at around $1.8, an increase of over 10% over the past 24 hours. data From CoinMarketCap.
Medium featured images, charts on tradingView.com
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