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XRP may rally temporarily before a possible decline, with key support levels critical for next moves.

Analyst Insights
02 Apr 2026
Zycrypto
View Source
Neutral
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An analyst tracking Elliott Wave patterns for XRP notes that the Q1 forecast played out as expected, with XRP rallying about 55% after hitting $1.20 support. Two main scenarios remain: a bullish path suggesting a potential third wave higher after a dip, and a more immediate bullish count assuming wave 4 completed in July 2024. Key support levels to watch are $0.98, $0.73, and $0.48. A temporary corrective bounce toward $1.76–$2.86 is possible in Q2, but a deeper decline could follow later in Q2 or early Q3. The analyst emphasizes flexibility as sideways action and waning interest often precede turning points. Meanwhile, Bitcoin and the broader crypto market are experiencing a macro-driven sell-off, with key levels around $64,972 and $63,000 to watch ahead of U.S. inflation data due April 1st.

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