XRP (XRP) Price: Technical Indicators Show Bearish Momentum Below $2.10 Level

TLDR

• XRP price formed a weekly low at $1.98 after failing to break through the $2.23 resistance
• The price is currently trading below $2.10 and the 100-hourly Simple Moving Average
• Analyst Egrag predicts potential downside to $1.79-$1.90 region in April
• Possible upside spike toward $2.80-$3.00 also predicted for April
• A potential 62-70% rally from the lowest point could occur after a “boredom phase”

XRP, the cryptocurrency associated with Ripple, is experiencing price pressure in early April as it trades below key technical levels. The digital asset recently formed a new weekly low of $1.98 after failing to sustain momentum above the $2.23 resistance zone.

The cryptocurrency started a fresh decline after unsuccessful attempts to break above $2.23. This bearish movement pushed XRP below several support levels including $2.15 and $2.12.

Technical indicators suggest continued weakness in the short term. The price is now trading below the $2.10 mark and the 100-hourly Simple Moving Average, indicating bearish control over the market.

There was also a break below a short-term contracting triangle with support at $2.08 on the hourly chart of the XRP/USD pair. This technical breakdown further confirms the current downward pressure.

XRP Price on CoinGecko

The cryptocurrency did manage a slight recovery, moving above the 23.6% Fibonacci retracement level of the downward move from the $2.23 swing high to the $1.98 low. However, this modest bounce has not changed the overall bearish outlook.

April Price Prediction

Crypto analyst Egrag has released a price prediction for XRP in April, offering some perspective on what traders might expect this month.

Using a monthly time frame chart, Egrag suggests that XRP is currently in what he calls a “boredom phase,” characterized by sideways trading and waning interest among traders.

#XRP – April Candle Formation Forecast

April is shaping up to be a dynamic month where we’ll see tests at both ends of the range. Here's what to expect:

1⃣ Lows Testing: #XRP will likely revisit the lows around $1.90-$1.79—this will be a wicking process.

2⃣ Highs Testing:… pic.twitter.com/6RqfsLX5OS

— EGRAG CRYPTO (@egragcrypto) April 2, 2025

According to the analyst, XRP could experience a substantial price swing this month. His chart indicates that both upper and lower price bounds may be tested before April concludes.

On the downside, Egrag predicts that XRP might pull back into the $1.90–$1.79 region. He describes this potential move as a short-lived “wick,” suggesting that if XRP tests these lows, it would likely not remain there for long.

On the opposite end, the analyst’s chart points to a possible spike toward $2.80–$3.00 during April. Similar to the predicted low-range testing, any move within this higher zone would likely be brief.

One of the most interesting elements of Egrag’s analysis is the projection of a potential 62–70% rally measured from the lowest point of the downside wick. This upside movement could be rapid once certain technical levels are broken.

Support and Resistance Levels

For traders watching key price levels, XRP faces immediate resistance near $2.07, with a major resistance level at $2.10.

The 50% Fibonacci retracement level of the recent downward move is also near the $2.10 level, making this a particularly important zone for bulls to reclaim.

If buyers can push the price above $2.10, the next resistance would be at $2.17. A clear move above this level might send XRP toward the $2.20 resistance or potentially even $2.40 in the near term.

On the downside, initial support appears near $2.02, with a major support level at $2.00. A break below this psychological barrier could trigger further selling, potentially pushing XRP toward $1.98 or even $1.95.

Technical indicators currently lean bearish. The hourly MACD is gaining momentum in the bearish zone, while the hourly RSI remains below the 50 level.

Egrag suggests that the current price action is partly due to market participant frustration. Many traders expected an immediate surge after the SEC case developments, but instead encountered range-bound conditions.

The analyst advises that only “the mentally strong” will endure this period of minimal excitement and sideways trading. For those confident in XRP’s broader utility, accumulating during this phase might be more beneficial than attempting to time every short-term move.

At the time of writing, XRP trades at $2.14, showing the cryptocurrency continues to fluctuate around the $2 handle as predicted in the analysis.

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