XRP, Will it Stay in a Boxed Range Until Late April?

▲ XRP/ChatGPT generated image ©

An artificial intelligence analysis suggests that XRP (Ripple) is likely to remain in a 'boxed range' without finding a clear direction amidst macroeconomic uncertainties and technical bearish signals.

According to crypto media outlet Finbold on April 9 (local time), Anthropic's AI model Claude predicted that XRP is most likely to move within the range of $1.30 to $1.45 until the end of April. Amid recent geopolitical tensions, failure to break the $1.40 resistance, and slowing on-chain activity, XRP is currently trading at around $1.33, down 3.75%.

The US Consumer Price Index (CPI), scheduled for release on April 10, is identified as a short-term variable. The current price level is considered a crucial support zone; maintaining it could lead to a rebound to $1.35-$1.38, but a breakdown could increase downward pressure below $1.28, according to analysis.

Claude judged that XRP would show a 'sideways to slightly upward' trend in the absence of clear bullish catalysts. However, it noted that a rise above $1.60 would simultaneously require progress on US crypto market structure legislation (CLARITY Act) and positive signals from the Federal Open Market Committee (FOMC). Conversely, a scenario was also presented where the downside could extend to $1.15 if the macroeconomic environment deteriorates.

Differences in forecasts with other AI models are also notable. Finbold's AI prediction tool projected XRP's price at $1.22 on April 30, and an average decline of about 4% to $1.28 by June 8. This implies conflicting views for the same period.

Technically, a weekly dead cross has formed, strengthening bearish signals. This structure, where the 20-week simple moving average crosses below the 100-week average, has historically been followed by a minimum 27% decline in similar cases. If the same pattern repeats, there is a possibility that XRP could fall to around $0.94.

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