Analyst Predicts XRP Could Reach $2 in April: Analyzing Potential Rally

As XRP fights to maintain a crucial support level, a market analyst has forecasted a possible 30%-40% rally in the upcoming weeks, indicating that the altcoin may experience temporary relief before hitting its “critical inflection point.”

Key Takeaways

XRP is currently at a support level near $1.40, essential for its price stability.
Analyst ChardNerd predicts a potential rally towards $2 in the coming weeks, conditioned by maintaining support above the 200 EMA.
Historical patterns suggest recent price movements could lead to a relief rally similar to previous cycles.
Upcoming price movements in the cryptocurrency market, particularly Bitcoin, will influence XRP’s trajectory.

Bitcoin, Ethereum, XRP, avalanche, Solana, Monero, SUI, pump.fun, chainlink

XRP's Struggle for Stability

Recently, XRP experienced a 2.5% intraday decline, retreating to around $1.43 before recovering above the important $1.40 threshold. This altcoin has been fluctuating between $1.34 and $1.50 over the last month, making attempts to break higher.

During a recent market upswing, XRP surged by 15% from weekend lows, reaching a one-month high of $1.60 on Tuesday. However, due to broader market volatility, it has since dipped back into its established range, prompting another reassessment of key price areas.

Analyst ChardNerd emphasized that XRP is currently holding onto a “lifeline” as it defends a crucial support level and anticipates reaching its “critical inflection point” soon. Trading near the 200-Week Exponential Moving Average (EMA), now situated at $1.41, XRP has recently closed below this mark but managed a bullish recovery in the latest weekly candle.

ChardNerd pointed out that this EMA acts as a significant guardrail for XRP, especially with the weekend approaching. It is vital for the altcoin to hold above this benchmark, as failure to do so may bring uncertainty about retesting and reclaiming the $1.50 resistance level and possibly inciting a rally towards areas above, specifically the 20 EMA and 50 EMA.

He explained, “What I mean is that XRP could experience some relief in the coming months, potentially moving towards these EMAs, which are between $1.80 and $2.00. If it gains this relief, it will signify a critical inflection point for the cryptocurrency.”

Reasons Behind the Expected Rally in April

Further analyzing the conditions for a potential April rally, ChardNerd noted some intriguing patterns in XRP’s past performance. He observed that after peaking in 2021, XRP fell back to the 200 EMA and then experienced a relief rally toward the 20 EMA and 50 EMA before facing rejections and falling to bear market lows.

The cryptocurrency appears to be mirroring its previous cycle behavior following its July 2025 peak, with significant retracements back to the 200 EMA.

He highlighted that XRP experienced relief for about three months after successfully retesting its support level, which could imply a similar forthcoming scenario in the coming months if Bitcoin’s performance aligns favorably.

ChardNerd recalled that prior relief rallies occurred around March 2022 and reiterated that outcomes do not need to follow an identical pattern. If the March relief does not reach the $1.80-$2.00 range this week, he indicated that it might persist longer than the last cycle and extend into April or May.

In conclusion, he stated, “This is why I believe there’s still potential for XRP to push towards $2 before it could dip back to about $0.80 to $0.70.”

XRP, XRPUSDT XRP performance displayed on a one-week chart. Source: XRPUSDT on TradingView