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XRP Price Prediction For April: Analyst Explains What To Expect
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XRP Price Prediction For April: Analyst Explains What To Expect

Jake Simmons
Jake Simmons
2 months ago
2 mins read
XRP news

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In a newly released chart, crypto analyst Egrag (@egragcrypto) reveals a XRP price prediction for April. While emphasizing that current market sentiment remains in what he calls a “boredom phase,” Egrag’s technical breakdown highlights several critical levels that may define the token’s trajectory this month.

XRP Price Prediction For April

Egrag’s chart, constructed on a monthly time frame (XRP/USDT), underscores an anticipated April candle that could see a substantial price swing. The visual forecast places XRP in a position where both upper and lower bounds may be “wick-tested” before the month concludes.

XRP price analysis
XRP price analysis | Source: X @egragcrypto

According to the analyst, a potential downside wick may pull the price back into the $1.90–$1.79 region. Egrag describes this process as a short-lived “wick,” indicating that if XRP tests these lows, it may not spend significant time there.

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On the other end of the spectrum, the chart suggests that a spike toward $2.80–$3.00 is also possible during April. Similar to the low-range testing, any move within this zone would likely form a wick, marking a brief probe of higher price territory. “We will also test the upper range at $2.80-$3.00, which will also be a wicking process,” the analyst states.

One of the most striking points on the chart is a potential 62–70% rally measured from the lowest point of the downside wick (around the $1.79–$1.90 area). The analyst highlights that this upside, if materialized, could be swift once certain technical thresholds are broken. “We could see an upside of 62-70% from the lowest point of the downside wick,” Egrag writes.

Several price notations on the chart (such as $2.00, $2.05, $2.17, and $2.44) hint that XRP may oscillate around the $2 handle. Egrag’s mentions the possibility of a final stop near $2 before a more explosive move: “After revisiting the $2 region one last time, we could see a significant blastoff in this cycle!”

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Egrag also reiterates a theme he has mentioned in previous analyses: many market participants grew frustrated after the post-SEC-case price action failed to meet their expectations of an instant surge. The analyst attributes the current range-bound conditions to a “boredom phase” driven by waning interest and mental fatigue among traders.

He warns that only “the mentally strong” will endure this period of minimal excitement and sideways trading. For those who remain confident in the broader utility of XRP, Egrag suggests that accumulating during these doldrums might be more beneficial than attempting to time every short-term fluctuation.

“Do nothing except buy if you can, and sit on your ass. Do you really think XRP will change the world and they will give it to you on a golden plate? […] We are now in a phase where only the mentally strong will survive,” the analyst concludes.

At press time, XRP traded at $2.1465.

XRP price
XRP price, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Reason to trust

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