Analyst Predicts Possible $2 Surge for XRP in April
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XRP’s current performance is under intense scrutiny, as an analyst speculates on a potential price increase of 30% to 40% in the coming weeks. This surge could occur as XRP navigates critical support levels, which are crucial for its future trajectory.
Recently, XRP faced a slight downturn, falling by 2.5% to the $1.43 mark before managing to rebound above the significant $1.40 threshold. For the past month, the altcoin has been fluctuating between $1.34 and $1.50, with a renewed effort to breach the upper boundary of this range.
Earlier this week, the cryptocurrency experienced a notable rally, climbing 15% from its weekend lows and reaching a monthly high of $1.60 on Tuesday. However, broader market fluctuations have since led to a retreat back into its established trading range, prompting a reassessment of key support areas.
According to ChardNerd, the analyst, XRP is currently in a crucial phase, working to maintain its support levels. He predicts that the altcoin is approaching a significant turning point, which he refers to as its “critical inflection point,” in the near future.
The cryptocurrency has been trading near its 200-Week Exponential Moving Average (EMA), currently positioned at $1.41. The recent fluctuations have involved multiple closes below this threshold and a subsequent bullish recovery above it in the latest weekly candle.
The analyst pointed out that defending this milestone is essential as the week draws to a close. Success in maintaining this support could lead XRP to reattempt breaking through the $1.50 resistance and potentially spark a relief rally that targets two critical EMAs situated between $1.80 and $2.00.
ChardNerd elaborated on the relevance of this scenario, suggesting that if XRP were to achieve the anticipated relief, it would mark a pivotal moment in its price action.
Reflecting on previous market cycles, the analyst noted that XRP’s recent price behavior mirrors patterns seen in the past. Following its peak in 2021, XRP retraced to the 200 EMA before engaging in a relief rally towards the 20 and 50 EMAs, subsequently facing rejection and falling to bear market lows.
Currently, the altcoin appears to be following a similar trajectory after a significant drop from its July 2025 peak. Historically, XRP experienced a notable three-month relief period after successfully backtesting the 200 EMA, suggesting a potential for similar behavior in the upcoming months, contingent on Bitcoin’s performance.
ChardNerd also highlighted that the previous relief rally around March 2022 serves as a reference point, noting that while history may not repeat itself exactly, there remains the possibility of XRP continuing its upward movement well into April or May. He concluded by emphasizing that should these conditions align, a push to the $2 mark is conceivable, although he also cautioned that a subsequent retreat to the $0.80 to $0.70 range could follow.
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