XRP Price Predicted to Face Flash Crash in April
The XRP price has been consolidating after a previous rally. A crypto analyst warns of a potential flash crash in April, which may lead to new lows, but expects a rebound shortly after.
Key Insights
- Analysis indicates a possible false breakout before a flash crash, impacting overleveraged traders.
- Wave 4 of an Elliott Wave pattern suggests a major correction, with potential targets for Wave 5 between $2.80 and $3.00.
- The anticipated flash crash could bring XRP down to the $1.4 to $1.6 range.
- A breakout in May 2025 may push XRP above its previous all-time high of $3.84.
XRP is currently trading at $2.44, up 4.56% in the past week, after a decline from $3.00 earlier this year. Analysts maintain a bullish outlook, with some expecting a surge to $3.4 soon.
