XRP Price Analysis: Prediction and Forecast for April 8

According to CoinStats, most cryptocurrencies are showing positive performance today. The XRP/USD pair has experienced a slight rise of 0.67% since yesterday. However, on the hourly chart, the XRP price is encountering downward pressure after a failed attempt to break through resistance at $1.9730. If selling pressure continues, we may see a test of the $1.85 zone in the near future. On longer timeframes, neither side has established dominance as prices remain far from key levels. If the daily bar closes around its current price level, sideways trading within the narrow range of $1.85-$2 is the most likely scenario. Looking at a midterm perspective, XRP exhibited a false breakout of the $1.7711 level. If the candlestick closes far away from this level, traders might see a bounce towards the $2 zone. As of press time, XRP is trading at $1.90.