XRP Price Key Level: Bulls Need Monthly Close Above $1.90, Bears Target Break Below $1.27

BroadChain News, April 25, 15:00, according to NewsBTC, XRP is currently oscillating narrowly in the range of $1.35 to $1.45, with only 6 days left until the monthly close. Analyst Bull Winkle pointed out that bulls need the monthly candle to close firmly above $1.90 to confirm demand zone support and open up space for a return to $2.90, representing a potential gain of approximately 102%.

Conversely, if the monthly close falls below $1.27, it could trigger an Elliott Wave C-wave correction, potentially driving the price down to the $0.60-$0.75 range, a decline of about 58%. Additionally, the monthly RSI indicator is at 47, showing no clear direction, and needs to break above 55 or below 40 to confirm a trend. On-chain data shows that 7 billion XRP have flowed out of exchanges, which may alleviate selling pressure.