So, here we have Egrag Crypto, a market analyst who clearly spends way too much time staring at squiggly lines on charts, predicting XRP might just tumble down to a mere $1.25, unless the altcoin sprightly manages to do something quite heroic. You know, like breaking a price level that apparently has more significance than your grandma’s china collection.
Brace Yourself: XRP Needs a Magic Price Break Between $2.33 and $2.45 or Bearish Doom Awaits
In a rather gloomy post dated April 26 (because late April always seems to be when cryptocurrencies like to mess with us), Egrag Crypto warned of impending doom. The XRP chart, according to this oracle, is flirting with the Bull Market Support Band—think of it as the velvet rope at a club. Recently, XRP’s gains tried to crash the party but it’s still technically “not allowed in.”
Now, for the uninitiated, the Bull Market Support Band is an arcane ritual involving moving averages, which traders believe reveal if an asset is in a bull market—or if it’s just crying in the corner. Step below this velvet rope, and it’s bear market territory. Where the bears hang out, waiting to pounce on your portfolio.
XRP needs to say “Get out of here, bears!” loudly and repeatedly.
Should XRP fail to do this, prepare for the dreaded 0.702 Fibonacci level, which sounds more like a secret agent code but is actually a juicy historical support level near $1.25. In other words, a price crash that’s so “historically supported” it might actually be a prelude to a strong comeback. Or at least that’s what they tell themselves.
Egrag Crypto assures us this isn’t all doom and gloom—a dip to $1.25 would only be a “major retest,” not the apocalypse. Think of it like a very grumpy but affectionate slap on the wrist from the market gods.
XRP Price Gossip
At the moment, XRP is trading at $2.18—down by a modest 0.78% today because, well, why not? On the monthly scoreboard, it’s given up 5.08%, confirming that bearish vibes are throwing a not-so-fun party. Investors are split down the middle, with a neutral sentiment that screams “I don’t know what’s going on, help!”
Only 40% of the past 30 days have been profitable for XRP holders, which might explain why some investors are drinking their coffee extra black these days.
Coincodex, another financial soothsayer, sees a short-term flash of hope, predicting XRP might hit $2.50 in five days—like a shooting star, brief and dazzling. But looking further out, their crystal ball is decidedly murkier: $1.97 in a month, down to $1.65 after three. Apparently, the party’s just getting started… but the punch bowl is empty.
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2025-04-27 11:00