The post XRP Price To Revisit $2 Before ‘Final Blastoff’ appeared first on Coinpedia Fintech News
XRP is currently down by more than 1% in the last 24 hours. The price is constantly failing to hold above the $2 level. In the past few months, the $2 level has been an important support zone and a dip below $2 may signal more trouble for XRP. The broader market sentiment is slightly shifting with Bitcoin trading above the $85,500 mark. Here’s a breakdown of what’s next for XRP in April:
According to analyst Egrag Crypto, April is shaping up to be a key month, with price action expected to test both the lower and upper ends of the range. XRP is likely to revisit the lows around $1.90–$1.79 through a wicking process.
At the same time, the upper range near $2.80–$3.00 will also be tested in a similar way. If the downside wick holds, there’s potential for a 62–70% upside from the lowest point. The market is still in the “boredom phase,” according to the analyst. After one final dip to the $2 region, a strong upward move could follow in this cycle.
“After revisiting the $2 region one last time, we could see a significant blastoff in this cycle,” the analyst said.