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XRP Price Moves To Break Out Of 7-Year Accumulation, Analyst Highlights Possible 1,200% Rally

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The XRP price has been in a 7-year accumulation zone now and its failure to break out of this zone has been a constant worry for investors. However, it seems that the days of worry will soon be forgotten as one crypto analyst believes that the XRP price is about to break out of this accumulation zone.

XRP Price To Break Out And Complete 1,200% Rally

In an analysis posted on TradingView, crypto analyst Babenski has renewed XRP investors’ hope in the coin, predicting that it is about to break out of its drawn-out accumulation trend. According to the analyst, the altcoin is currently trying to break out of this accumulation, and could be successful this time around.

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The 7-year accumulation had began back in 2017 when the XRP Price had gone through a notable bull run. Naturally, this accumulation was expected to break in the next bull market which was in 2021. However, due to the United States Securities and Exchange Commission (SEC) suing Ripple in 2020, it put a damper on the price, causing the XRP price to crash while others rallied.

Since then, the altcoin has maintained its position inside the accumulation range, failing to break above $1 even after securing a partial victory over the regulator in 2023. This accumulation has now carried into 2024, but with a bull run expected this year, it could be time for XRP to shine.

Babenski’s chart shows what could happen if the XRP Price were to break out of this accumulation. The crypto analyst sees a significant rally in the price, rising more than 1,200% to touch the $6. If this happens, the XRP Price would be securing a brand new all-time high.

Other Analysts See The Same Trend

Babenski is not the only crypto analyst who has predicted that the XRP price could be breaking out of its 7-year accumulation in 2024. Crypto analyst U-Copy has also pointed this out, taking to X (formerly Twitter), to share the analysis.

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According to him, the XRP price is already close to the end of its triangle formation, which began in 2027. He revealed that the final gap was actually filled back at the $0.46 level, and with the price trading above $0.5 at the time of writing, a breakout could be imminent.

Unlike Babenski, crypto analyst U-Copy did not give a price target for where they expect the XRP price to end up. However, the analyst does believe that something is bound to happen by December 2024. “Don’t know target price but Shit could blow up big in this Bull Cycle up to December,” U-Copy stated.

XRP price chart from Tradingview.com
Token price at holding $0.5 | Source: XRPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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Onyxcoin (XCN) Shows Reversal Signs After 200% Rally

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Onyxcoin (XCN) is down nearly 10% over the past seven days, cooling off after a sharp 200% rally between April 9 and April 11. Momentum indicators suggest that the bullish trend may be losing strength, with both the RSI and ADX showing signs of fading conviction.

While XCN’s EMA lines remain in a bullish formation, early signs of a potential reversal are emerging as short-term averages begin to slope downward. The coming days will be key in determining whether Onyxcoin can stabilize and resume its climb—or if a deeper correction is on the horizon.

Onyxcoin Shows Early Signs of Stabilization, but Momentum Remains Uncertain

Onyxcoin’s Relative Strength Index (RSI) is currently sitting at 43. Readings above 70 typically indicate that an asset is overbought and could be due for a pullback, while readings below 30 suggest it may be oversold and poised for a potential rebound.

Levels between 30 and 70 are considered neutral, often reflecting consolidation or indecision in the market.

XCN RSI.
XCN RSI. Source: TradingView.

XCN’s RSI signals a neutral state but shows signs of gradual recovery. While not yet a clear bullish signal, yesterday’s upward move suggests that bearish momentum may be easing.

However, the fact that RSI failed to hit above 50 reflects lingering uncertainty and a lack of sustained buying pressure.

For now, XCN appears to be in a wait-and-see phase, where a continued climb in RSI could signal a shift toward renewed upside, but any further weakness might keep the price trapped in a consolidation range.

XCN Uptrend Weakens as ADX Signals Fading Momentum

Onyxcoin’s Average Directional Index (ADX) has declined to 11, down from 13.92 yesterday and 15.26 two days ago. This decline reflects a consistent weakening in trend strength.

The ADX is a key component of the Directional Movement Index (DMI) and is used to measure the strength—not the direction—of a trend on a scale from 0 to 100.

Values below 20 typically suggest that the market is trending weakly or not at all, while readings above 25 confirm a strong and established trend.

XCN ADX.
XCN ADX. Source: TradingView.

With the ADX now at 11, Onyxcoin’s trend is losing momentum, even though it technically remains in an uptrend. This low reading suggests the current bullish phase is fragile and may lack the conviction needed for sustained upward movement.

Combined with EMA lines that are beginning to flatten, the weakening ADX adds weight to the possibility that the trend could soon shift or stall.

If no surge in buying pressure emerges to reinforce the uptrend, XCN may enter a period of sideways movement or even a reversal in the short term.

Onyxcoin at a Crossroads as EMA Lines Hint at Possible Trend Reversal

XCN EMA lines remain bullish for now, with short-term averages still positioned above long-term ones.

However, the short-term EMAs have started to slope downward, raising the possibility of a looming death cross—a bearish crossover in which the short-term average falls below the long-term average.

If this crossover materializes, it would signal a shift in trend direction and could trigger a deeper pullback, after a 200% rally between April 9 and April 11, making it one of the best-performing altcoins of the previous weeks.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView.

Key support levels to watch are $0.016, followed by $0.0139 and $0.0123. If bearish momentum accelerates, XCN could drop as low as $0.0109, marking a potential 38% correction from current levels.

On the flip side, if bulls manage to regain control and reinforce the existing uptrend, XCN could challenge the resistance at $0.020.

A breakout above that level would open the door for a potential rally toward $0.027, representing a 55% upside.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Altcoins to Watch in the Fourth Week of April 2025

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The crypto market has shown consistent growth over the past few days, helping altcoins alongside Bitcoin to recover. However, relying solely on broader market cues or momentum will not sustain price growth.

BeInCrypto has analyzed three altcoins for investors to watch in April, as important developments are set to unfold this week.

Tutorial (TUT)

TUT price has remained stable throughout most of the month, currently hovering below the $0.027 resistance level. Successfully breaching this barrier is crucial for recovering the 53% losses incurred in March. A price rise above $0.027 could signal a positive trend and further upward movement in the coming weeks.

If this trend continues, TUT could push toward the next resistance level of $0.039, indicating strong momentum.

TUT Price Analysis.
TUT Price Analysis. Source: TradingView

However, if TUT fails to break above the $0.027 resistance, the price could decline below $0.021. Such a drop would likely invalidate the bullish outlook and lead to further losses. In that scenario, the altcoin’s price might fall to $0.015, a significant setback for the token’s recovery.

Injective (INJ)

Injective’s price has surged by 17% in recent days, fueled by anticipation surrounding the upcoming Lyota Mainnet Upgrade. Set to go live on April 22, the upgrade is expected to enhance Injective’s infrastructure, performance, and transaction speeds. This has sparked optimism, driving the price higher in the short term.

Currently trading at $8.97, Injective is nearing the $9.11 resistance level. If it successfully breaches this barrier, the price could move beyond $10.00, potentially reaching $10.35. The positive sentiment surrounding the Lyota Mainnet Upgrade is likely to continue driving the token’s growth if it can surpass these levels.

INJ Price Analysis.
INJ Price Analysis. Source: TradingView

However, if Injective fails to break through the $9.11 resistance, as seen earlier in April, the price could fall below $8.40. This would signal a retreat and could see the token dip to $7.64, invalidating the bullish outlook and erasing recent gains.

BNB

BNB’s price currently stands at $604, experiencing a two-month downtrend. The altcoin is struggling to breach the resistance of $611. To push past this barrier, BNB needs strong support from the broader market or upcoming developments that could provide a catalyst for price movement and reversal.

One potential catalyst is the Lorentz opBNB mainnet hard fork, which is scheduled for today. The hard fork aims to enhance the chain’s speed and responsiveness. If successful, this could help BNB break the $611 resistance and push the price toward the next level of $647, spurring bullish sentiment.

BNB Price Analysis.
BNB Price Analysis. Source: TradingView

However, if the hard fork’s impact fails to meet expectations, BNB could struggle to maintain upward momentum. In this case, the price may slip below the support of $576, potentially falling as low as $550. This would invalidate the current bullish outlook and likely continue the downtrend.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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How Will it Impact OM Price?

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MANTRA CEO, JP Mullin, is burning 150 million OM tokens from his own allocation and engaging other ecosystem partners to burn an additional 150 million tokens. This 300 million OM token burn aims to restore investor trust in the project and stabilize the altcoin’s price dynamics.

OM is attempting to recover from one of the most dramatic crashes in recent crypto history. On April 13, it lost over 90% of its value in a single hour. The collapse, which erased more than $5.5 billion in market cap, triggered widespread accusations of insider activity and manipulation within the Real-World Assets (RWA) sector.

Understanding MANTRA’s Token Burn

Mantra, once one of the biggest players in the Real-World Assets (RWA) sector, suffered a dramatic collapse on April 13, with its token crashing over 90% in less than an hour and wiping out more than $5.5 billion in market capitalization.

The plunge followed a rapid surge earlier this year, when OM rose from $0.013 to over $6, pushing its fully diluted valuation to $11 billion. The crash was reportedly triggered by a $40 million token deposit into OKX by a wallet allegedly linked to the team, sparking fears of insider selling.

Panic spread quickly as rumors of undisclosed OTC deals, delayed airdrops, and excessive token supply concentration fueled mass liquidations across exchanges.

Despite co-founder John Patrick Mullin denying any wrongdoing and blaming centralized exchanges for forced closures, investors and analysts raised concerns about potential manipulation by market makers and CEXs, drawing comparisons to past collapses like Terra LUNA.

OM Price Chart and Fall.
OM Price Chart and Fall. Source: TradingView.

In an effort to rebuild trust, Mullin has announced the permanent burn of his 150 million OM team allocation. The tokens, originally staked at mainnet launch in October 2024, are now being unbonded and will be fully burned by April 29, reducing OM’s total supply from 1.82 billion to 1.67 billion.

This move also lowers the network’s staked amount by 150 million tokens, which could impact on-chain staking APR.

Additionally, MANTRA is in talks with partners to implement a second 150 million OM burn, potentially cutting the total supply by 300 million tokens.

OM Price Faces Critical Test as Token Burn Battles Lingering Market Doubt

Despite MANTRA’s ongoing token burn efforts, it’s still uncertain whether the move will be enough to fully restore investor confidence in OM.

From a technical standpoint, if momentum begins to recover, OM could test the immediate resistance at $0.59. A successful breakout at that level may pave the way for further gains toward $0.71, with additional key hurdles at $0.89 and $0.997 standing between the token and a return to the psychologically important $1 mark.

However, reclaiming these levels will likely require sustained buying interest and broader sentiment recovery across the Real-World Assets (RWA) sector.

OM Price Analysis.
OM Price Analysis. Source: TradingView.

On the downside, if the token burn fails to shift sentiment or if selling pressure continues, OM risks resuming its decline.

The first key support lies at $0.51, and a breakdown below that level could send the price further down to $0.469.

Given the scale of the recent crash and the lingering distrust among investors, the path to recovery remains fragile—OM now sits at a critical crossroads between a potential rebound and further erosion of its market value.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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