XRP is at risk of falling to $1.25 if there is no breakout of the important price – Analyst

Market analyst Egrag Crypto has predicted that XRP will fall to $1.25 in the short term, unless there is a specific price movement. Despite a bullish trading week, witnessing this altcoin trading at $2.29, the market expert explained that XRP has not yet confirmed the market bottom, indicating the possibility of a price fall in the future. Upcoming important moment: XRP must break through the 2.33–2.45 dollar level to invalidate the bearish forecast. In a post on X on April 26, Egrag Crypto shared a bearish forecast for the XRP market, indicating that potential bearishness is ahead. Based on the technical analysis of the XRP trading chart, the altcoin appears to be trading below the bullish market support band despite a recent increase due to strong price adjustments in the first quarter of 2025. To understand more clearly, the Bull Market Support Band is a price range formed by two moving averages to help traders detect whether an asset is still in a bullish market or not. When the price falls below this support band, it often signals the risk of a bearish market.

To negate this negative forecast, the fourth largest cryptocurrency, XRP, must close above $2.33, representing an immediate resistance level. Importantly, XRP must reclaim the $2.45 level, which is currently acting as the upper boundary of the bullish market support range. Achieving a decisive closing level above both important price levels will signal strong market demand and alleviate fears of a larger price correction. However, if XRP does not soon surpass this level, the Fibonacci level of 0.702 around the $1.25 mark will become a potential target. Egrag Crypto explains that this Fibonacci level aligns with the previous breakout structure, thus becoming a strong historical support level. However, the price dropping to $1.25 only constitutes a significant retest, which may reinforce the long-term bullish structure of the XRP market. Overview of XRP price As of the time of writing, XRP is trading at $2.18, reflecting a 0.78% decrease over the past day. This prominent altcoin has also fallen by 5.08% on the monthly chart, indicating that bearish pressure remains strong in the market. According to data from Coincodex, the market sentiment remains neutral, with investors still uncertain about the future of XRP. Notably, only 40% of the last 30 days of trading for XRP were profitable.

Interestingly, analysts at Coincodex expect this asset to maintain its recent bullish trend in the short term, potentially trading at $2.50 within five days. However, they remain quite pessimistic about the long-term outlook, forecasting a price of $1.97 in one month and $1.65 in three months.