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Is XRP Price Going to Crash Again? Analyzing Key Trends and Predictions

XRP (XRP) has been one of the most volatile cryptocurrencies in recent years, swinging between bullish rallies and sharp corrections. After a 40% rebound in the last three weeks, traders are now questioning whether XRP’s price will sustain its recovery or face another crash. Let’s dive into the technical and on-chain indicators shaping its future.

Key Takeaways:

• XRP trades over 120% above its realized price, signaling heightened correction risk.
• A rising wedge breakdown on the 4H chart could push XRP toward $1.89 by mid-May.
• A weekly falling wedge pattern suggests a potential 25% recovery to $2.92 by June.

XRP’s Rising Wedge Signals Short-Term Correction Risk

XRP is currently forming a rising wedge pattern on its 4-hour chart, a technical formation that often precedes bearish reversals. As of April 29, XRP was trading near $2.29, testing the wedge’s upper resistance. A confirmed breakdown below the lower trendline could trigger a 17% drop toward $1.89 in the coming weeks.

The Relative Strength Index (RSI) near 60 further supports this bearish outlook, as traders may soon start taking profits in overbought conditions.

XRP’s Realized Price Warns of Overvaluation

XRP’s realized price—the average acquisition cost of all tokens in circulation—sits at $1.02, while its spot price trades 120% higher at $2.28. Historically, such large divergences have led to steep corrections, as seen in 2018 and 2021.

If selling pressure intensifies, XRP could retrace toward its realized price near $1.02, a 50% drop from current levels.

Bullish Hope: Falling Wedge and Key Support Levels

Despite short-term risks, XRP’s weekly chart reveals a potential bullish reversal. The token is holding above its 50-week EMA (Exponential Moving Average) at $1.67, a critical support level that previously acted as resistance during the 2022–2024 bear market.

Additionally, a falling wedge pattern is forming—a classic bullish reversal structure. A breakout above the wedge’s upper trendline could propel XRP toward $2.92 by June, marking a 25% rally.

What’s Next for XRP?

The battle between bullish and bearish forces will likely determine XRP’s trajectory. Key levels to watch:

• Support: $1.89 (4H wedge target) and $1.67 (50-week EMA).
• Resistance: $2.50 (psychological barrier) and $2.92 (weekly wedge target).

Traders should monitor RSI trends, volume spikes, and broader market sentiment for confirmation of the next major move.

Conclusion: Prepare for Volatility

XRP’s price stands at a crossroads, with technical indicators flashing conflicting signals. While short-term correction risks loom, the weekly chart suggests a potential bullish reversal. Investors should stay cautious, set stop-losses, and watch for breakout confirmations before committing to new positions.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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