Analyst: XRP Price May Not Fall Below $1

According to BroadChain, at 23:16 on April 18, Bitcoinist reported that since hitting the cycle peak of $3.6 in July 2025, the price of XRP has fallen by more than 50%, leading to a sharp decline in investor participation. However, market bullish sentiment has not completely subsided. Although XRP has lost the $1.5 support level and the decline continues, analyst Crypto Luke believes that its price will ultimately not fall below $1. He pointed out that XRP has formed and continues to defend a broadening wedge pattern, which typically indicates strong market demand and the ability of bulls to keep the price above key support levels. Additionally, XRP's stochastic indicator is turning bullish, and the RSI remains "solid," suggesting a low likelihood of further downside. Recently, driven by the rise in Bitcoin and Ethereum prices, XRP has shown signs of recovery, with liquidity beginning to flow back. This month, XRP ETF inflows have exceeded outflows, indicating that institutions are shifting towards buying. Analysts stated that they would rather accumulate XRP at current price levels than sell.