XRP Price Predictions for April.

XRP will be the focus of investors in April, as they await the approval of the U.S. Securities and Exchange Commission (SEC) for the XRP exchange-traded fund. Traders will also focus on the deals that Ripple Labs will make throughout the month.

Most importantly, its price movement will depend on the overall performance of the cryptocurrency market. The price is expected to start the month in a state of stagnation due to Donald Trump's tariff fees.

The weekly chart shows that the price of XRP peaked at $3.4 in the first quarter, then dropped to around $2, where it found strong support. It did not fall below this price several times during the quarter.

The price of XRP remained above the 50-week moving average. Therefore, any drop below the support level of $2 means that the currency has entered a price decline phase according to Wyckoff's theory, which is characterized by a sharp decline. So, if that happens, the next point to watch will be $1.8475, which is a 61.8% Fibonacci retracement level, about 30% lower than the current level. Any movement above the resistance level of $3 will invalidate the bearish outlook, as it will invalidate the head and shoulders pattern.

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