Chart warns of XRP's 40% crash signal...and claims "XRP will reach $2.80 if the Clarity Act passes"

▲ Ripple (XRP) ©

Despite institutional investors' funds pouring in for 9 consecutive days, attracting over $1.2 billion into spot Exchange Traded Funds, technical warning lights have been lit for XRP (Ripple), indicating it could be stuck around $1.43 and potentially crash an additional 40% against Bitcoin.

According to the investment media outlet TradingNews on April 24 (local time), XRP is currently continuing a dull sideways trend around the $1.43 mark. In contrast, the US XRP spot ETF market saw a net inflow of $73.78 million over 9 consecutive days, including $3.89 million on April 23 alone. The cumulative inflow since its launch has reached $1.284 billion, indicating strong institutional accumulation, yet this shows a stark disconnect from the current frustrating price movement.

The most concerning aspect is the confirmation of a descending triangle pattern, signaling a decline in the chart representing XRP's relative value against Bitcoin. This ratio, currently trading around 1,840 satoshis, has been pushed back to pre-previous bull market levels, and according to the pattern's target, it carries the risk of a further 40.5% drop from current levels to 0.000011 Bitcoin. In dollar terms, it is supported by the 50-day simple moving average at $1.38, but it remains deeply trapped below the 200-day simple moving average at $1.85, which determines the long-term trend.

The launch of Grayscale's 3x leveraged spot product, which was expected to be an upward catalyst, has been postponed again to May 7, increasing market disappointment. The delay of the product, which was anticipated to inject massive trading volume and volatility, has stripped away short-term upward momentum. Experts point out that true large capital, such as pension funds or sovereign wealth funds, can only flow in if the Clarity Act, which would permanently guarantee crypto's commodity status, passes the Senate, emphasizing that this bill is the most crucial short-term catalyst.

Despite price stagnation, the Ripple ecosystem continues its practical expansion, with over 300 financial institutions worldwide adopting its infrastructure for cross-border payments. Standard Chartered has set long-term price targets, predicting XRP could reach $2.80 by the end of 2026, $5.00 by 2027, and $12.50 by 2028, contingent on ecosystem growth and the passage of the Clarity Act. However, the harsh reality is that in the short term, it cannot escape its relative weakness compared to leading cryptocurrencies.

The media has issued a conservative investment opinion for XRP, suggesting tactical scaled buying below $1.35, but only considering aggressive buying below $1.20. It advises respecting $1.30 as a strong structural bottom and warns against aggressively chasing the price above $1.48 without clear breakout signals. Investors' extreme patience is being tested amidst the positive signal of institutional fund inflows and the chart's bearish warnings.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*