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Home Market & Analysis

XRP Price Could Suffer April Flash Crash, Analyst Shows How Low It Could Go

n70products by n70products
March 24, 2025
in Market & Analysis
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XRP Price Could Suffer April Flash Crash, Analyst Shows How Low It Could Go
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The XRP price has been consolidating for an prolonged interval after its earlier rally. Nonetheless, a crypto analyst warns that the cryptocurrency might face a flash crash in April, probably driving its worth to new lows. Regardless of this, the analyst anticipated that the downturn could also be short-lived, predicting a rebound shortly after. 

MetaShackle, a crypto analyst on TradingView, has shared a chart presenting an Elliott Wave-based analysis of XRP’s worth actions. The analyst has additionally used technical ranges similar to Truthful Worth Gaps (FVGs), liquidity zones, and trendlines to find out XRP’s next price action.

XRP Value False Breakout Forward Of Flash Crash

In accordance with MetaShackle’s analysis, XRP could also be heading for a false breakout within the coming weeks, adopted by a sudden flash crash that would liquidate overleveraged merchants. Whereas this deep correction might shake out weak palms, the analyst additionally outlines a path for a large rally later within the Second Quarter (Q2) of 2025, probably pushing XRP to a new all-time high. 

Associated Studying

The XRP worth chart follows a complicated 6-wave sample, with a possible Seventh-wave breakout. XRP is at the moment in Wave 4 of a bigger cycle. Whereas Waves 1 to three represented a powerful upward transfer, Wave 4 triggered a major correction for the XRP price. If Wave 4 is accomplished, the cryptocurrency’s worth might push increased into Wave 5, reaching $2.80 – $3.00, the place an FVG awaits. This transfer would create a false breakout, taking out liquidity above latest highs. 

XRP
Supply: MetaShackle on Tradingview

After the projected false breakout, XRP is predicted to expertise a flash crash in Wave 6 by April 2025. This flash crash will doubtless maintain above the decrease white trendline after breaking the higher trendline and concentrating on the inexperienced goal space between $1.6 and $1.4 $highlighted by the chart. 

The flash crash in April is a theoretical transfer through which the XRP worth retraces sharply earlier than an actual breakout. This breakout is predicted to begin in Wave 7, probably resulting in a price discovery for XRP and reaching a probable goal of $3.00 earlier than skyrocketing to new highs above $3.6.

Notably, the analyst predicts that Wave 7 will start in Could 2025. The breakout is anticipated to take out earlier all-time highs for the altcoin, surpassing its $3.84 price record in 2018.

Replace On Value Evaluation

The XRP worth is now buying and selling at $2.44 after growing by 4.56% previously week. Regardless of a sharp price crash from its $3.00 excessive earlier this yr, the cryptocurrency stays resilient, and analysts are intently watching its subsequent transfer. 

Associated Studying

Notably, analysts proceed to take a bullish stance on the XRP price outlook, predicting a possible breakout within the brief time period. An X (previously Twitter) market professional, recognized as ‘Steph Is Crypto,’ forecasts that the asset might surge to $3.4 quickly, marking a 39.34% leap from its market worth.

XRP
XRP buying and selling at $2.4 on the 1D chart | Supply: XRPUSDT on Tradingview.com

Featured picture from Adobe Inventory, chart from Tradingview.com



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Tags: AnalystAprilCrashFlashPriceShowssufferXRP
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