Analyst Warning: XRP Will Face Retracement If Key Levels Are Broken

As the cryptocurrency market regains momentum, XRP is in the spotlight again—this time at a critical price moment. After reaching $2.08 on April 9, XRP experienced a slight correction before recovering near $2.24. Hoping for a rally, analysts offer mixed views on whether this rally can be sustained—or whether a pullback is imminent. Casi Trades: Support below $2.24 must be maintained Technical analyst Casi Trades warned that XRP is currently testing the 0.382 Fibonacci retracement level near $2.24. While the rally has shown strong signs, RSI indicators indicate potential downward pressure. According to Casi, this level could mark the tipping point that determines XRP's next big trend move. He emphasized two key support areas: $1.90 and $1.55. The $1.90 level may provide a short-term recovery base, while $1.55 represents the golden Fibonacci ratio that could attract long-term buyers. Notably, these areas also align with the second wave targets outlined in Elliott Wave Theory.

Egrag Crypto: Price is expected to drop before breaking out The famous crypto market commentator Egrag Crypto has presented a more cautious scenario. He notes that unless XRP can secure a 5-day closing level within the range of $2.30–$2.50, there is a risk of the price dropping to $1.85. Despite this short-term bearish outlook, Egrag remains optimistic about the long-term trajectory of XRP. He predicts potential price targets of $7.50, $13, and even $27, indicating that any upcoming corrections could serve as a healthy reset before a major breakout. He also emphasized the increased volatility across the crypto market, stating that rapid liquidation events could significantly shake prices. For investors, he recommended following chart-based strategies and identifying entry points for strategies, rather than chasing short-term hype.

The protest following the lawsuit may be delayed. The SEC lawsuit against Ripple remains at the center of the XRP narrative. While some community members anticipate a bullish breakout after the legal uncertainties are resolved, others are more cautious. A prominent XRP advocate from the "All Things XRP" group suggests that much of the impact of the lawsuit may have already been priced in. They claim that the real growth catalyst will come after the lawsuit ends—through Ripple's strategic roadmap. Key developments such as new institutional partnerships, expanded use cases, and ecosystem adoption will determine whether XRP's valuation can truly reach new heights.