XRP, Will it Stay in a Box Range Until the End of April?

▲ XRP/ChatGPT generated image ©

An artificial intelligence analysis suggests that XRP (Ripple) is highly likely to remain in a 'box range' trend, failing to find a clear direction amid macroeconomic uncertainties and technical bearish signals.

According to crypto media outlet Finbold on April 9 (local time), Anthropic's AI model Claude predicted that XRP is most likely to move within the range of $1.30 to $1.45 until the end of April. Amid recent geopolitical tensions, failure to break $1.40 resistance, and slowing on-chain activity, XRP is trading at around $1.33, down 3.75%.

The US Consumer Price Index (CPI), scheduled for release on April 10, is identified as a short-term variable. The current price level is considered a critical support zone, and if it holds, a rebound to $1.35-$1.38 is possible, but a break below could increase downward pressure to below $1.28, according to analysis.

Claude assessed that XRP would show a 'sideways to slight upward' trend in the absence of clear upward catalysts. However, for a rise above $1.60, progress in the US crypto market structure bill, the CLARITY Act, and positive signals from the Federal Open Market Committee (FOMC) would be simultaneously required. Conversely, a scenario was also presented where the downside could extend to $1.15 if the macroeconomic environment deteriorates.

Differences in forecasts with other AI models are also notable. Finbold's AI prediction tool projected XRP's price at $1.22 on April 30 and anticipated an average decline of approximately 4% to $1.28 by June 8. This implies the existence of conflicting views for the same period.

Technically, a weekly dead cross has formed, strengthening bearish signals. This is a structure where the 20-week simple moving average has crossed below the 100-week moving average, and similar past instances were followed by at least a 27% decline. If the same pattern repeats, there is a possibility that XRP could fall to around $0.94.

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