XRP Analysts Bullish Despite Market Volatility, Target $4.50 Minimum

Despite the market uncertainty and a tumultuous start to April, several prominent crypto analysts maintain a bullish outlook on XRP's long-term prospects, even in adverse conditions. Doctor Cat, a well-regarded market analyst, has set a minimum price target of $4.50 for XRP, referring to this as the "worst-case scenario." In a recent tweet, he stated, "For everyone asking, although it should be clear already; $4.5 remains the minimum target for $XRP." This projection is based on the assumption that the bull run for Bitcoin is over and it only reaches a dead cat bounce around the mid-$80K range. Doctor Cat's analysis includes technical factors such as the XRP/BTC ratio and the 1.618 Fibonacci extension from the last drop, assuming the current bottom holds. However, he cautioned that a daily close below $1.69 on the 2-day Ichimoku cloud (Kumo) could invalidate this setup. Currently, he estimates a 50% chance that XRP has already bottomed, based on time cycle analysis.

Another analyst, Egrag Crypto, shared a similarly optimistic view, highlighting his "Kangaroo Pattern" and pointing to a historic Bullish Cross on the XRP/BTC chart involving the 55 EMA and 155 MA indicators. According to Egrag, the last time this bullish cross occurred, in May 2017, XRP surged by over 950%. He believes that a similar setup, which occurred again on February 17, 2025, could be the catalyst for a major rally. Using different Bitcoin price scenarios, Egrag forecasted that if BTC hits $130K–$170K, XRP could soar to $22–$29. Despite the recent market volatility, Egrag remains confident, stating, "I know what you’re thinking: after yesterday’s bloody day, and you’re still talking about double digits for XRP? My response to you is a resounding YES."

However, not all indicators point to a rosy outlook in the short term. Analysts have issued a cautionary note, highlighting signs of vulnerability. During XRP’s February rally, its Realized Cap nearly doubled from $30.1 billion to $64.2 billion, largely driven by retail investors. But that momentum has cooled, and XRP’s Profit/Loss Ratio has been in steady decline since January. The analysts warned that this rapid influx of retail capital has led to a concentration of holders with elevated cost bases, making the market increasingly top-heavy and vulnerable.

Technical analysts are closely monitoring the critical $2 resistance level, now seen as a pivotal threshold. A decisive breakout above this zone could invalidate a potential head-and-shoulders pattern and catalyze a full-scale bullish transition. This level is crucial as it could determine the short-term direction of XRP, with a breakout potentially leading to significant gains.