XRP Price Prediction: Is the Next Stop Below $1?

▲ XRP decline/ChatGPT generated image ©

XRP (Ripple), which has reached the end of a long symmetrical triangle convergence pattern lasting over 12 weeks, has triggered pessimistic warning lights that it may collapse below $1, unable to overcome accumulated selling pressure.

According to crypto media outlet Finbold on April 27 (local time), XRP is currently at the apex of a triangular convergence, standing at a critical juncture where a strong short-term direction will soon be decided. The outlet analyzed that while fundamentals remained relatively solid over the past year, with a decrease in exchange supply, price weakness has persisted since the key support level of $1.80, which acted as a strong buying wall in 2025, was breached.

As liquidity depletion prolongs and recent attempts to break the 100-day Simple Moving Average repeatedly fail, downward pressure is intensifying. Experts analyze that if XRP breaks below the upward support line that has been in place for several weeks, the correction phase will lengthen, and there is a high probability of it falling below the $1 mark. Conversely, if it breaks through the downward resistance line and closes the daily candle, it could invalidate the bearish structure and initiate a new bullish wave.

Virtual asset analyst Egrag Crypto diagnosed, from a technical analysis perspective, that XRP is currently trapped in the first corrective wave of a macroscopic Elliott Wave. He predicted that XRP has not yet completed its second wave, and the primary major downside target will be around $1.13.

If even this $1.13 support level fails to hold, the decline could accelerate uncontrollably. The analyst emphasized that the price could be pushed significantly into the liquidity zone between $0.90 and $0.73, with $0.73, in particular, being the final critical zone that precisely aligns with the 0.702 Fibonacci retracement ratio on the 3-day chart.

A recent surge in short-term exchange inflows is also cited as a major reason for the selling pressure weighing on the market. On-chain data shows that approximately 7,500,156 XRP, worth about $10.63 million, flowed into the top 41 exchanges in the last 24 hours. Historically, an increase in volume on exchanges has led to immediate selling saturation and further corrections, so if this inflow trend continues, downward pressure is expected to intensify for the time being.

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