#BinanceAlphaAlert - XRP Prediction: Drop to $1.25? Market Analysis and Perspectives.

Market analyst Egrag Crypto has predicted that XRP will drop to $1.25 in the short term unless a specific development occurs in the price. Despite a week of bullish trading, where the altcoin was priced at $2.29, the market expert explains that XRP has not yet confirmed a market bottom, indicating the possibility of a future price drop.

- Crucial moments ahead: XRP must surpass $2.33–$2.45 to invalidate the bearish forecast

In a post on "X" on April 26, Egrag Crypto shared a bearish forecast about the XRP market, suggesting that a possible drop is looming. Based on technical analysis of the XRP trading chart, the altcoin appears to be trading below the Bull Market Support Band despite recent gains due to the extensive price correction in the first quarter of 2025.

To provide context, the Bull Market Support Band is a price zone formed by two moving averages that helps traders detect whether an asset remains in a bullish market or not. When prices fall below this support band, it often indicates a risk of a bearish market.

For XRP to invalidate this negative forecast, the fourth-largest cryptocurrency must close above $2.33, which represents the immediate resistance level. It is important to note that XRP must reclaim $2.45, which currently acts as the upper limit of the Bull Market Support Band.

Achieving a decisive close above both critical price levels would indicate strong market demand and reduce fears of a larger price correction. However, if XRP fails to surpass this band soon, the Fibonacci level of 0.702, around $1.25, becomes a likely potential target.

Egrag Crypto explains that this Fibonacci level aligns with the previous breakout structure.