XRP fell below $2.30 this week, wiping out all the gains registered in last week\u2019s short-lived rally. The cryptocurrency, which had risen 8% from $2.06 to $2.28 last week, has now lost 3.5% from Monday\u2019s opening price and 7% from its weekly high of $2.36.<\/p>\n
A cryptocurrency analyst, Block Bull, forecasts that XRP<\/a> might drop much deeper in the near future. From the analyst\u2019s April 29 X post, XRP could not break the resistance level at the top of a bull flag pattern on the daily charts.<\/p>\n This technical failure may push the price to $1.55, which would be \u201cannoying as hell\u201d<\/a>, according to Block Bull \u2013 a 30% fall from the high of the pattern \u2013 and 28.6% from current levels.<\/p>\n Block Bull informed followers this possible price fall would be brief and could prove to be the perfect entry point for investors. The analyst intimated big money players tend to use such downturns in markets to accumulate holdings at bargain rates.<\/p>\n Likely $XRP<\/a> is going to fall 30% along with $XLM<\/a> that Ive just posted.<\/p>\n bottom of bull flag and fib level will be a great entry<\/p>\n $1.55 (annoying as hell)<\/p>\n bleeding the average guy and this is why the rich get richer cos theyre the only ones able to afford to HODL pic.twitter.com\/pG3h30Swks<\/a><\/p>\n \u2014 BLOCK BULL (@TheBlockBull) April 29, 2025<\/a><\/p>\n\n The decline pressure on XRP is in line with weaker trends in major cryptocurrencies overall. Bitcoin<\/a> is struggling to remain above the $95,000 threshold while Ethereum<\/a> has fallen below $1,800. That this is a market-wide correction and not a specific XRP problem is indicated.<\/p>\n Competing Analysis Provides More Optimistic Forecast<\/strong><\/p>\n Not everyone who watches the market sees the dismal outlook. Others noted that while declining 6% in two days from $2.28 to $2.14, XRP has been able to remain above important support levels on shorter timeframes.<\/p>\n They said that if XRP can hold support at $2.14, the price may bounce back to $2.24 or higher in short order. More positive predictions even indicate that XRP could hit $5 in a month, a new all-time high for the cryptocurrency.<\/p>\nXRP Not Alone As Bitcoin And Ethereum Also Struggle<\/strong><\/h2>\n