Ripple (XRP) price forecast: analyst warnings may drop to RP12,370

XRP price may fall to 12,370 rupiah? Analysts' views and forecasts for future trends

Pintu News Jakarta Report - Colin Wu, founder of Wufeng, has expressed his views on XRP's current market sentiment and technical analysis. A well-known analyst at Egrag Crypto warned that the price of XRP could fall to $0.74 (about 12,370 rupiah). However, despite strong short-term bearish sentiment, the long-term upward potential remains.

Historical mode hints at XRP price pullback

Egrag analysts pointed out that XRP's current price trend is similar to the pullback pattern in 2017 and 2021. During these two periods, XRP plummeted 73% and 78% respectively, and then saw a sharp rise.

Based on this, Egrag predicts that XRP may fall to $0.91 (about 15,207 IRR) or even $0.74 (about 12,370 IR). This forecast is based on repeated price fluctuations patterns in the crypto market cycle. Egrag believes that despite possible sharp pullbacks, XRP rebounded 2700% and 1000% in 2017 and 2021, respectively, so it is optimistic about future uptrends.

Technical indicators show up potential

Egrag's technical analysis shows that the 200-day moving average (200 MA) is the key support level. In the previous pullback, XRP briefly fell below this line and rebounded quickly, showing strong fundamentals.

He also stressed the importance of the interaction between 50 MA and 200 MA. As long as there is no bearish cross between the two, the opportunity for upward remains. If the price does not fall below 200 MA, the bull market potential remains.

XRP status and market sentiment

Currently, XRP price is hovering around $1.78, with trading volume increasing by 500% to $12 billion. The intraday low was US$1.64 (about IDR 27,405) and the high was US$2.09 (about IDR 34,946), indicating that the market was volatile.

In addition, XRP futures contract holdings fell by 18%, to US$2.9 billion. This reflects market participants’ cautious attitude towards future price directions, although some analysts remain optimistic about the long-term outlook.

Optimism remains in uncertainty

Despite the grim short-term situation, some observers still believe XRP has potential to rise. Ripple's chief technology officer David Schwartz recently made a positive remark that is expected to boost market sentiment. This shows that company fundamental development remains an important factor in price fluctuations in cryptocurrencies such as XRP.

The current situation of the crypto market is challenging, but this does not rule out the possibility of a rebound in the coming months. Understanding technical analysis and macroeconomic factors is crucial for investors to make correct decisions amid market volatility.

in conclusion

XRP prices are under pressure due to the overall crypto market pullback. Analysts predict that prices may fall to 12,370 rupiah, but also highlighted the possibility of a sharp rebound based on historical patterns. Considering technical indicators and market sentiment, investors need to be cautious, but they still need to pay attention to the long-term upward potential of the cryptocurrency market.

Learn more: The impact of the market pullback: Analyzing four altcoins under pressure from crypto markets in April 2025

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