XRP Underperforms $1.60 Price Prediction in April
XRP is on its way to underperforming the $1.60 price prediction for April, according to a slew of crypto analysts across prediction markets.
Currently, XRP is down 0.87% to $1.36, closely tracking a broader market dip led by Bitcoin. The move is primarily driven by negative beta to a declining crypto market, with a secondary technical breakdown below the key $1.40 support level amplifying selling pressure.
XRP’s 0.87% loss in the last 24 hours closely mirrors the 1.11% drop in Bitcoin and the 1.05% decline in total crypto market cap over the same period.
Analysts said this indicates the move was not coin-specific but part of a broader risk-off shift in crypto, with no single macro catalyst identified in the provided data.
XRP acted as a high-beta asset, moving in the same direction as the market leader. Its price is currently more sensitive to general crypto sentiment than its own positive news flow.
Price action confirmed a bearish shift after XRP broke decisively below the $1.40 support zone, technical traders said. The break of a psychologically important level triggered stop-losses and encouraged further selling, creating a self-reinforcing short-term downtrend.
Traders said a reclaim of the $1.3840 level would be the first sign of bullish recovery. The immediate path hinges on the $1.35 support. If XRP holds above this level, it may range between $1.35 and $1.40.
A break and close below $1.35, however, could see the drop extend toward the next major support near $1.29. The structure is bearish below $1.40, but oversold conditions (RSI14 at 44.38) suggest a bounce could occur if selling exhausts.
XRP’s decline is a combination of market-wide risk aversion and a local technical breakdown, overshadowing positive adoption news from Rakuten. Crypto Market Cap Slips to N2.55T as PCE Index Hits 3.5%
