{"id":54017,"date":"2025-03-24T15:00:36","date_gmt":"2025-03-24T15:00:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54017"},"modified":"2025-03-24T15:00:36","modified_gmt":"2025-03-24T15:00:36","slug":"xrp-price-could-suffer-april-flash-crash-analyst-shows-how-low-it-could-go","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54017","title":{"rendered":"XRP Price Could Suffer April Flash Crash, Analyst Shows How Low It Could Go"},"content":{"rendered":"

The XRP price has been consolidating<\/a> for an extended period after its previous rally. However, a crypto analyst warns that the cryptocurrency could face a flash crash<\/a> in April, potentially driving its price to new lows. Despite this, the analyst anticipated that the downturn may be short-lived, predicting a rebound shortly after.\u00a0<\/p>\n

MetaShackle, a crypto analyst on TradingView, has shared a chart presenting an Elliott Wave-based analysis<\/a> of XRP\u2019s price movements. The analyst has also used technical levels such as Fair Value Gaps (FVGs), liquidity zones, and trendlines to determine XRP\u2019s next price action<\/a>.<\/p>\n

XRP Price False Breakout Ahead Of Flash Crash<\/h2>\n

According to MetaShackle\u2019s analysis<\/a>, XRP may be heading for a false breakout<\/a> in the coming weeks, followed by a sudden flash crash that could liquidate overleveraged traders. While this deep correction could shake out weak hands, the analyst also outlines a path for a massive rally later in the Second Quarter (Q2) of 2025, potentially pushing XRP to a new all-time high<\/a>.\u00a0<\/p>\n

The XRP price chart follows an advanced 6-wave pattern, with a potential 7th-wave breakout. XRP is currently in Wave 4 of a larger cycle. While Waves 1 to 3 represented a strong upward move, Wave 4 triggered a major correction for the XRP price<\/a>. If Wave 4 is completed, the cryptocurrency\u2019s price could push higher into Wave 5, reaching $2.80 \u2013 $3.00, where an FVG awaits. This move would create a false breakout, taking out liquidity above recent highs.\u00a0<\/p>\n

After the projected false breakout, XRP is expected to experience a flash crash in Wave 6 by April 2025. This flash crash will likely hold above the lower white trendline after breaking the upper trendline and targeting the green target area between $1.6 and $1.4 $highlighted by the chart.\u00a0<\/p>\n

The flash crash in April is a theoretical move in which the XRP price retraces sharply before a real breakout. This breakout is expected to start in Wave 7, potentially leading to a price discovery<\/a> for XRP and reaching a likely target of $3.00 before skyrocketing to new highs above $3.6.<\/p>\n

Notably, the analyst predicts that Wave 7 will begin in May 2025. The breakout is anticipated to take out previous all-time highs for the altcoin, surpassing its $3.84 price record<\/a> in 2018.<\/p>\n

Update On Price Analysis<\/h2>\n

The XRP price is now trading at $2.44 after increasing by 4.56% in the past week. Despite a sharp price crash<\/a> from its $3.00 high earlier this year, the cryptocurrency remains resilient, and analysts are closely watching its next move.\u00a0<\/p>\n

Notably, analysts continue to take a bullish stance on the XRP price outlook<\/a>, predicting a potential breakout in the short term. An X (formerly Twitter) market expert, identified as \u2018Steph Is Crypto,\u2019 forecasts<\/a> that the asset could surge to $3.4 soon, marking a 39.34% jump from its market price.<\/p>","protected":false},"excerpt":{"rendered":"

The XRP price has been consolidating for an extended period after its previous rally. However, a crypto analyst warns that the cryptocurrency could face a flash crash in April, potentially driving its price to new lows. Despite this, the analyst anticipated that the downturn may be short-lived, predicting a rebound shortly after.\u00a0 MetaShackle, a crypto […]<\/p>\n","protected":false},"author":0,"featured_media":54018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54017"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54017"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54018"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}