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, suggesting it may not overcome the layered selling pressure and could collapse below $1.

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 determined. The outlet diagnosed that while fundamentals have been 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 buy wall in 2025, was broken.

With prolonged liquidity depletion and repeated failures to break through the 100-day simple moving average, downward pressure is intensifying. Experts analyze that if XRP breaks below the upward support line that has been maintained 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 that, from a technical analysis perspective, 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 significantly drop to a liquidity zone between $0.90 and $0.73, and specifically, $0.73 is the final key zone that aligns precisely with the 0.702 Fibonacci retracement ratio on the 3-day chart.

A short-term surge in exchange inflows is also cited as a primary reason for the selling pressure weighing on the market. On-chain data shows that approximately 7,500,156 XRP, valued at around $10.63 million, flowed into the top 41 exchanges in the last 24 hours. Historically, an increase in exchange volume 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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