Market
XRP High Stakes Setup: Analyst Warns Of Sharp Move To $17 Or $0.65

Renowned market analyst Egrag Crypto has shared another puzzling XRP price prediction stating the altcoin is at a major technical crossroads. This development follows a resilient price performance in the past week during which XRP gained by 2.07% as the broader crypto market stands bullish despite the announcement of new US trade tariffs.
Ascending Wedge Signals Incoming Volatility — Which Way Will XRP Break?
In an X post on April 5, Egrag Crypto issued a dual price forecast on the XRP market based on the potential implications of a forming Ascending Broadening Wedge pattern. Also known as the megaphone pattern, the chart formation signals increasing volatility and investor indecisions. It looks like a widening triangle with two diverging trendlines, as seen in the chart below.
The Ascending Broadening Wedge presents high unpredictability and offers a 70% chance of a downside breakout and a 30% probability of an upside breakout. However, despite this statistical bias, the analyst postulates the chances of an upside remain valid if certain conditions are met.
According to the analyst, XRP must first close above $3.50 for a bullish scenario to start taking shape. In doing so, the altcoin would surpass the local peak of the current bull cycle and confirm intentions of an upward momentum. Following this move, XRP bulls should then aim for the $5 range—another key resistance level that could determine the asset’s next major move.
Interestingly, Egrag explains that a failure to convincingly close above $5 would only be a critical development that completes the formation of the Ascending Wedge Pattern and increases the likelihood of a breakout. If this rejection occurs, XRP is expected to retest the $1.90 area and make a second push toward the $5, this time breaking through and closing above $6.
Egrag states the breakout above $6 would validate the bullish run and likely spark a surge toward double-digit territory with a potential target at $17.50 based on the Ascending Wedge Pattern. However, should XRP bulls fail to meet these conditions or follow this sequence, the historical 70% chance of a breakdown points to a downside target of around $0.65.
XRP Price Overview
At the time of writing, XRP trades at $2.14 reflecting a price gain of 0.60% in the past day. Meanwhile, the token’s trading volume is down by 62.92% in the past day indicating a fall in market engagement and a declining buying pressure following the recent market gain. In making any significant uptrend, XRP bulls must first reclaim the following resistances at $2.47 and $2.61 while avoiding any slip below the $2 support zone.
Market
Ethereum Price Tanks Hard—Can It Survive the $1,500 Test?

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Ethereum price failed to recover above $1,820 and dropped below $1,650. ETH is now consolidating losses and might face resistance near the $1,675 zone.
- Ethereum failed to stay above the $1,650 and $1,620 levels.
- The price is trading below $1,650 and the 100-hourly Simple Moving Average.
- There was a break below a connecting bullish trend line with support at $1,775 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair remains at risk of more losses below the $1,550 support zone.
Ethereum Price Dips Further
Ethereum price failed to stay above the $1,800 support zone and extended losses, like Bitcoin. ETH declined heavily below the $1,750 and $1,700 levels.
There was a break below a connecting bullish trend line with support at $1,775 on the hourly chart of ETH/USD. The bears even pushed the price below the $1,600 level. A low was formed at $1,537 and the price recently corrected some losses.
There was a move above the $1,580 level. The price tested the 23.6% Fib retracement level of the downward move from the $1,815 swing high to the $1,537 low. However, the bears are active near the $1,600 zone. The price is now consolidating and facing many hurdles.
Ethereum price is now trading below $1,650 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,600 level.
The next key resistance is near the $1,675 level or the 50% Fib retracement level of the downward move from the $1,815 swing high to the $1,537 low. The first major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,820 resistance.

An upside break above the $1,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term.
Another Decline In ETH?
If Ethereum fails to clear the $1,600 resistance, it could start another decline. Initial support on the downside is near the $1,550 level. The first major support sits near the $1,535 zone.
A clear move below the $1,535 support might push the price toward the $1,420 support. Any more losses might send the price toward the $1,400 support level in the near term. The next key support sits at $1,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $1,550
Major Resistance Level – $1,600
Market
Solana (SOL) Price Falls Below $100, Crashes To 14-Month Low

Solana (SOL) has faced significant price declines recently, falling below the $100 mark and reaching a 14-month low.
This drop is attributed to broader market bearishness, largely driven by ongoing trade tensions and fears of a financial crisis, often likened to the 1987 “Black Monday.” Despite these challenges, there is potential for SOL to stabilize and recover in the near future.
Solana Investors Stand Strong
The number of active addresses on the Solana network has recently hit a 6-month low, with around 4.44 million addresses engaging on the platform. While the decline from January’s peak of 9 million addresses might seem concerning, it also indicates that investors are likely waiting for a strong recovery before being more active on the network.
Despite the price downturn, Solana’s loyal investor base continues to hold their positions, signaling potential support that could prevent further price declines. Solana’s investors remain hopeful for a rebound, particularly given the network’s history of bouncing back after downturns.

Looking at technical indicators, the Relative Strength Index (RSI) for Solana is currently sitting in the oversold zone, below the critical 30.0 mark. This suggests that the bearish momentum may be nearing its saturation point, with the potential for a reversal in the near future. Historically, when SOL has dipped into the oversold region, the price has rebounded.
The RSI reading suggests that the market may be poised for a short-term recovery if the broader market conditions stabilize. While the global financial climate remains uncertain, the RSI signals that Solana could be on the brink of a price rebound, provided the bearish forces start to subside.

SOL Price May Recover Soon
Solana’s price has dropped 20.8% during the intra-day trading session, reaching $97. The price fall below $100 marks a new low for the asset, driven by a surge in bearish sentiment across the market. As a result, many investors are watching closely to see if Solana can reclaim its previous support levels.
Despite the recent declines, Solana’s recovery potential remains strong. If the price manages to break above the $100 mark and hold it as support, the positive momentum could return. Investors are likely to capitalize on the current 14-month low, injecting new capital into the network and helping to stabilize the price.

However, if the broader market conditions fail to improve, Solana’s price may continue to struggle. A drop below the $90 support level would invalidate the bullish outlook and extend losses. As a result, SOL may face further downward pressure, especially if negative market trends persist.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Dives Below $2—Is This the Start of a Bigger Breakdown?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
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In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
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