Crypto analyst Joao, who correctly predicted the XRP crash, reveals the altcoin’s next targets
9th April 2025 – (New York) Cryptocurrency expert Joao, known for accurately predicting significant market movements, has turned his attention to XRP, suggesting that the altcoin may face further declines following its recent crash below the $2 mark. Joao’s insights come as part of a broader examination of XRP’s potential trajectory, warning that the price might slip below $1, inducing further pain for holders.
On his TradingView platform, Joao shared an ominous outlook, describing a potential long-term distribution phase that could be the most turbulent scenario for XRP. His accompanying chart detailed a “radical distribution scheme” that could extend into late 2025, demonstrating the analyst’s concern about the altcoin’s current market dynamics.
Joao explained that XRP could first exhibit signs of weakness, potentially dropping below levels last seen during the COVID-19 market plunge, with the price possibly approaching $0.10. He outlined two possible scenarios for this downward trend. In the first scenario, dubbed Scheme 1, Joao predicts that XRP could dip to $0.10 before staging a bounce back to around $0.40, which he identifies as the final point of significant selling pressure.
Conversely, in Scheme 2, Joao suggested a more dramatic outcome, where XRP could experience a rally between $5 and $6.80, with an average peak anticipated around $5.5 to $5.7. Such an outcome would likely incite a wave of euphoria among traders. However, Joao cautioned that this scenario is just one of several extreme possibilities, emphasising that XRP’s future price movements will heavily depend on various factors, including Bitcoin’s performance, the activities of market makers, overall supply and demand, public interest in digital assets, and broader macroeconomic conditions.
Adding to the chorus of caution, fellow crypto analyst John highlighted a bearish trend for XRP. He noted that the retracement of the altcoin’s price could extend to levels not seen since mid-2024, predicting a drop to the Fibonacci price level of $0.3827. John pointed out a bearish engulfing pattern that appeared on XRP’s weekly chart in late March, which has reinforced his outlook for a potential decline.
In a more nuanced assessment, Egrag Crypto, another prominent voice in the crypto analysis community, stated that an ascending broadening wedge formation suggests a 70% chance of a downside breakout for XRP. He indicated that should this scenario unfold, the predicted move for XRP could see it fall to approximately $0.65, further exacerbating current concerns among investors.
As the market grapples with these ominous forecasts, $1.90 has emerged as a critical resistance level for XRP. Analyst CasiTrades noted in a post on X that following the significant market downturn on Black Monday, April 7, where the price dipped to around $1.61, this level has become a formidable barrier. This drop not only established new extremes on the Relative Strength Index (RSI) but also narrowly missed major support levels, raising concerns among traders.
CasiTrades reported that although XRP has rebounded to test the $1.90 resistance, the next support level is identified at $1.55, coinciding with the golden .618 Fibonacci retracement level. She posited that this price action aligns with the development of a Wave 3 pattern, which could set the stage for a break through all-time highs (ATHs).
Interestingly, CasiTrades asserted that if XRP can manage to establish a bottom near the $1.55 mark, it could significantly strengthen the bullish case for a rally this month, potentially elevating the price to between $8 and $13. If the altcoin were to achieve such a rally, it would not only signify a critical breakthrough of its ATH resistance but could also propel XRP to unprecedented heights.