XRP Faces 70% Chance of Correction to $0.65 Amid Mixed Predictions
2min read XRP, the cryptocurrency associated with Ripple, is currently at a critical juncture with mixed predictions for its price movement in the near future. Analysts have provided varying scenarios for April 6, 2025, ranging from bullish to bearish. The immediate resistance for XRP is at $2.28, and a successful breakout could potentially clear the path to $2.58. However, failure to break through this level could send the token back to lower prices.
One analyst has predicted a 70% chance of a potential correction to $0.65 for XRP. This analyst also noted that if the bullish momentum holds, Ripple's coin could hit double-digit figures within weeks. Another expert, EGRAG CRYPTO, highlighted XRP's current pattern as an Ascending Broadening Wedge, signaling high volatility. According to EGRAG, XRP is at a crossroads—either it dips sharply or skyrockets. The analyst emphasized that XRP must close above $3.50 to confirm a bullish setup. If it fails to hold above $5 during a future rally, it may retest $1.90. Following that, another attempt to close above $5 could trigger a run to $6. A successful close beyond that level could propel XRP into double-digit territory, likely $17.50, within weeks. However, the analyst warned that there is a 70% chance it breaks to the downside and only a 30% chance for an upside breakout.
Ask Aime: What is the forecast for XRP's price movement on April 6, 2025?
Another expert, Dark Defender, shared a bullish forecast for XRP in the near term. Highlighting the monthly chart outlook, the analyst said that the Relative Strength Index (RSI) remains strong, and the A Wave has been completed. He expects a B Wave that could drive XRP price up to $3. He also speculated that XRP might skip the final C Wave, heading straight to long-term targets near $5.85. In other words, the short-term bullish targets remain at $2.222 and $2.555, while key supports lie between $1.95 and $2.04.
Meanwhile, expert CasiTrades noted that the next support for XRP lies at $2.24. If it successfully breaches this level, Ripple’s coin is likely to target $2.7, $3.05, and an all-time high of $3.80. Investors are also keeping a close track of the XRP lawsuit developments. A recent mysterious filing in the ongoing Ripple vs SEC lawsuit has sent shockwaves through the XRP community. An emergency request has been made to present “decisive evidence” that could potentially sway the case’s outcome. A positive outcome in the case could significantly drive the prices higher in the coming days. However, a delay by the US SEC in concluding the case has dampened market sentiment, which has also caused the XRP price to remain stagnant over the past few weeks.
In summary, the short-term outlook for XRP is slightly positive but not dramatic. Analysts have provided varying predictions, with some forecasting a potential correction to lower prices and others predicting a bullish run to double-digit figures. The immediate resistance for XRP is at $2.28, and a successful breakout could clear the path to higher prices. However, failure to break through this level could send the token back to lower prices. Investors are also keeping a close eye on the ongoing Ripple vs SEC lawsuit, which could have a significant impact on XRP's price movement in the coming days.
