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>>Analyst Claims the Significant XRP Shift Is Still Pending, Here’s What to Anticipate

Analyst Claims the Significant XRP Shift Is Still Pending, Here’s What to Anticipate

crypthub

2 days ago

Recent Surge and Context

On April 8 XRP briefly rose to $1.39 after a Pakistan‑brokered US‑Iran ceasefire sparked short liquidations across crypto. The event shifted market sentiment from extreme fear to cautious neutral optimism. Analysts caution that the rally is likely a short‑lived bounce rather than a lasting recovery.

Wave Structure Analysis

CasiTrades identifies the move as the completion of a corrective Wave 2, landing near the 0.618 Fibonacci zone between $1.35 and $1.40. With Wave 1 down and Wave 2 up now closed, the chart points to a powerful Wave 3 impulse targeting roughly $1.09. A subsequent bounce to about $1.20 could precede a Wave 5 extension, potentially reaching $1.08 or even $0.86 if the full pattern unfolds.

Future Outlook

The broader macro environment remains bearish, offering few upside catalysts. Potential bullish drivers are the CLARITY Act markup expected in late April and any further progress on the Iran ceasefire. If either factor stalls, the $1.30 support may break, opening the path for deeper declines.