- XRP Eyes $1.79 Support Before Potential Breakout
- Wicking Process Signals Possible Surge to $3.00
- 62-70% Upside Possible After Final $2 Retest
April presents a critical period for XRP as market patterns indicate possible fluctuations in both directions. Traders are closely watching price movements, anticipating a test of key levels before potential upward momentum.
XRP to Retest Lows Before Potential Breakout
Market analysts predict XRP could revisit the $1.90 to $1.79 range in April. This movement is expected to occur as part of a wicking process, where prices briefly dip before recovering. The market requires another consolidation period renamed “boredom phase” before XRP executes its definite movement.
Recent trading activity suggests that the asset is forming a pattern that could set the stage for a breakout. Investors face differing perspectives about the current market because some stay watchful while others decide to purchase XRP at its lower levels. If the price holds within this support zone, it may provide a foundation for a stronger upward movement in the coming weeks.
Potential for XRP to Test Higher Levels
Following the anticipated low tests, analysts forecast that XRP could climb toward the $2.80 to $3.00 range. This upward move is also expected to occur as part of a wicking process, where price spikes may be short-lived before stabilizing. However, a sustained break above these levels could signal the start of a more significant rally.
If market momentum strengthens, some projections suggest a potential 62-70% increase from the lowest downside wick. Traders are monitoring technical indicators closely, looking for confirmation of a trend shift.
The final phase of this cycle may involve one more return to the $2 region before a strong breakout occurs. This aligns with previous patterns in XRP’s price movements, where prolonged consolidation periods are often followed by sudden surges.Market participants remain watchful as April unfolds, with expectations that XRP could deliver unexpected price movements in the weeks ahead.
