Analysts warn XRP risks 30–60% correction in Q2 after relief rally

XRP risks a deeper pullback in Q2. Two analysts flag a likely relief bounce before a larger drop.

- XRP has moved sideways at $1.30–$1.35 for five days and stayed inside a $1.21–$1.55 range for nearly two months. A market watcher noted the range and lack of breakout since early February here.

- He sees a short- to mid‑term bearish tilt, with a “more complex ABC” unless an impulse rally starts. The view is framed against broader altcoin weakness here.

- The key decision area holds near the range low. A bounce into resistance at $1.76–$2.86 is possible for a B‑wave if February lows hold here. He adds the next move will “determine whether a more bullish scenario remains valid or a deeper correction unfolds” source.

- His charted C‑wave target sits at $0.98–$0.48, a 30%–60% drawdown from current levels source.

- A second analyst expects an April–May relief rally toward $1.80–$2.00, aligning with prior cycle behavior around the 200‑week EMA video. He earlier anticipated a quicker bounce but notes consolidation at the 200‑week EMA may extend the timing context.

- His roadmap after the rally points to another low later in 2026, near $0.90–$0.70, before any broader expansion, consistent with past EMA retests and rejections source.

Headline
XRP faces 30–60% Q2 downside risk after relief bounce to $1.80–$2.00, analysts say