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XRP Drops 1.1%, But Grinding Phase Could Spark a 100% Rally to $4!

Veronicah Peninah by Veronicah Peninah
April 9, 2025
in Binance Feed, Market
Reading Time: 4 mins read
XRP Drops 1.1%, But Grinding Phase Could Spark a 100% Rally to $4!
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  • The price action reveals that inside a declining wedge pattern traders typically observe a consolidation phase before buying or selling.
  • Support at $1.73 represents a critical level because a price fall below this point may start a journey toward $1.15 thus endangering bullish momentum.
  • RSI along with MACD signal stabilization through cooling momentum without indicating a complete trend reversal.

In recent market developments, XRP has entered what technical analysts are calling the “Grinding Phase,” following a prolonged period of stagnant price movement. A detailed chart analysis from April 2025 outlines critical support and resistance levels for XRP as traders attempt to forecast the next major breakout. At the time of analysis, XRP was priced at $1.84, showing a 1.1% decline but a 1.1% gain against Bitcoin.

Support Line Holds as Key Risk Area

According to analysis from the Egrag Crypto chart, one of the most crucial aspects of the chart is the long-term descending yellow trendline acting as support. A breach of this support level—currently near $1.73—could spell trouble for XRP in the short to mid-term. The chart labels this risk explicitly, with the phrase “Lose This Support Line We’re Fooked” emphasizing its importance.

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Source:(X)

 Analysts suggest that maintaining this level is essential to preserving the structure of a broader falling wedge formation, which typically precedes bullish reversals.If the support is lost, the lower boundary of the descending wedge could push XRP toward $1.15, where the next line of technical defense lies.

XRP Eyes $4 Breakout After Grinding Phase

Between now and early July, the projected price path shows XRP moving within a narrowing band—marked in yellow and blue zig-zag lines—indicative of grinding or consolidation. This phase may involve XRP making marginal lower lows and highs, with price potentially dipping slightly below $1.73 before rebounding.

This stage is generally viewed as a preparatory period before a potential breakout. The completion of this falling wedge is expected to occur in the summer months, aligning with past cyclical movements in the crypto market. Should XRP hold the current support and complete the falling wedge pattern, a breakout could target price levels as high as $4.00. The chart shows a measured move first aiming for the $2.73 resistance zone before any higher advance. This aligns with historical measured moves seen in similar technical patterns.

Technical Indicators Signal XRP Consolidation

The current market cap stands at approximately $106.26 billion, reflecting a 1.58% intraday gain, suggesting renewed investor interest. Despite recent selling pressure shown earlier in 2025, XRP maintains a higher trading range compared to the pre-rally period.

Source:TradingView

The RSI currently hovering around 44.32, shows neutral to slightly bearish momentum, suggesting neither overbought nor oversold conditions. However, the MACD line is negative at -5.41B, with a histogram showing bearish divergence. This implies reduced bullish strength, aligning with the recent pullback in price from its highs. However, the absence of a steep drop indicates market stabilization rather than a full reversal.

From its peak position XRP maintains a solid standing compared to all other historical points. The price data indicates a potential short-term pause that occurs amid an extended upward trend instead of a bear market transition.

Tags: Price AnalysisRipple (XRP) News

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