- XRP’s network growth signals long-term potential despite recent price dips.
- Analysts predict XRP could break above $2, but caution against major risks.
- RSI shows oversold conditions, but MACD indicates continued bearish momentum.
XRP has been under significant price pressure recently, with some analysts predicting a possible recovery. Dark Defender, a well-known market analyst, notes that XRP’s 4-hour and daily charts are currently showing oversold conditions. As a result, he believes that XRP is poised for a strong upward movement.
His analysis indicates that the formation of Wave C on the charts is a key signal, pointing toward bullish momentum. Based on the monthly 5th Wave and weekly chart indicators, XRP is likely to make a move above the $2 mark in the near future. However, it’s essential to consider the broader market conditions before making any major conclusions.
Hi all! #XRP on the 4-hour and daily chart is oversold!
— Dark Defender (@DefendDark) April 9, 2025
We have a great Wave C formed already.
So, considering our monthly 5th Wave, weekly chart indications are expected to turn bullish.
XRP is ready to make the move first above $2.
Have a great day,
Dark pic.twitter.com/iBPAvPym7T
Network Growth Signals Long-Term Potential
Despite the volatility that has shaken XRP’s price recently, Ali Martinez, another respected analyst, suggests that the XRP network continues to show remarkable growth. As of April 7, 2025, the number of XRP addresses holding at least one XRP token reached a record high of 6.26 million. This surge in addresses signals that investor confidence remains strong despite the price fluctuations.
Over the past several days, XRP’s price fluctuated between $1.90 and $2.15, but this didn’t dampen the increase in address holders. According to Martinez, this divergence between rising network participation and price retracements suggests that a bullish sentiment could be developing in the long run.
Despite the recent volatility, the $XRP network is growing stronger! Now reaching an all-time high of 6.26 million addresses holding 1 #XRP or more. pic.twitter.com/Vavv9FkmuP
— Ali (@ali_charts) April 9, 2025
Jaydee_757, another analyst, highlights that similar patterns in the past have led to both significant gains and massive crashes. Reflecting on the 2017 parabolic move, XRP’s price crashed 31.45% in just 122 days. A similar decline has been observed recently, with an RSI drop of 29.24% over the past 90 days.
Jaydee’s outlook suggests that if history repeats itself, XRP could see a major price surge before a potential crash, with a massive 95% drop on the horizon. This presents a cautionary tale for investors who may be looking to ride the wave of optimism but should be prepared for significant risks.
Furthermore, XRP’s price currently sits at $1.79, experiencing a significant 8.14% drop in the past 24 hours. The market cap is still impressive, standing at over $104 billion. Despite the recent setbacks, XRP’s growing network indicates a solid foundation for future upward momentum.
Price Indicators: Oversold But Bearish Momentum Continues
Looking at the technical indicators, XRP is currently showing mixed signals. The RSI, or Relative Strength Index, is at 31.08, hovering just above the oversold threshold of 30. This suggests that there could be a short-term bounce or some consolidation in the price.
However, the MACD (Moving Average Convergence Divergence) shows a bearish crossover, indicating continued downward momentum. With the MACD line at -0.13456 and the Signal line at -0.09621, this suggests that the short-term outlook for XRP remains weak, at least for now.
