XRP Forecasted to Reach New All-Time High of $4: Here’s the Analysis

In the ever-evolving world of cryptocurrencies, Ripple’s XRP has been making waves lately. After a tumultuous March, April has brought new hopes for the fourth largest cryptocurrency. With predictions of it reaching a new all-time high of $4, let’s dive into the analysis and see what lies ahead for XRP.

Ripple: XRP Forecasted To Hit New All-Time High of $4, Here’s When

Ripple’s XRP endured a challenging month of March with a nearly 16% drop, trading from a high of $2.64 to a low of $1.92. However, April started on a bullish note for the fourth largest cryptocurrency. XRP is currently trading at $2.07 and reached a high of $2.19 earlier in the day, though it recorded a 1.46% drop over the past 24 hours. The asset’s all-time high stands at $3.84, reached in 2018.

Ripple Price Analysis: How Long Will XRP’s Consolidation Last?

XRP is holding above key support on both USD and BTC pairs but remains under pressure, with no strong bullish momentum in sight. On the USDT pair, XRP is currently hovering above the $2 support zone after a series of lower highs following the rejection from the $3.00 resistance area. The 200-day moving average is rising steadily and currently sits well below the price near the $1.80 mark, acting as dynamic support. The RSI is drifting near the 40–45 zone, suggesting weakening momentum without being fully oversold. If buyers fail to defend the $2 level, the price may decline further.

XRP Price Prediction for April 2

Currently, XRP is trading at $2.12 after a 0.62% decrease in the last 24 hours, although it has declined by 19.69% over the past 30 days. These mixed signals suggest short-term pressures but a medium-term trend of substantial correction. Despite challenges, XRP’s utility in cross-border transactions attracts long-term interest. Investors may view the current pullback as a buying opportunity if key support levels hold. On the daily chart, XRP is trading NEAR its 50-day moving average, acting as a dynamic support level.

Ripple News: Where XRP Stands Today

Ripple News is exciting due to the recent performance and strategic developments of XRP. XRP is trading at $2.12 (up 1.10%), with a market cap at $124.27 billion, and volume at $4.06 billion (down 3.86%). Experts believe this marginal drop in trading is a result of cautious investor sentiment and not a fundamental issue.