XRP faced significant downward pressure as March came to an end. The cryptocurrency experienced a notable decline of over 20% since the March 19 announcement the U.S. SEC withdrew its lawsuit against Ripple.

As of press time (early April 2), XRP is down more than 2% over the past 24 hours, trading near $2.12. XRP’s global search interest also fell to a new low reading of 17, according to Google Trends data.

This marks a huge drop from the peak interest seen in December 2024 and January 2025, when XRP experienced a major price surge.

Why the Lag Despite Positive Catalysts?

This underwhelming price performance comes despite several background factors often viewed as positive. These include President Donald Trump’s earlier hints at including XRP in a national crypto stockpile and ongoing expectations the SEC may soon approve spot XRP exchange-traded funds (ETFs).

With price action stagnant, crypto analyst Egrag Crypto stated that April is shaping up to be a key month for XRP, likely filled with major price swings and volatility.

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The analyst predicts XRP will test both its lower support and upper resistance levels soon. He sees it likely dipping back toward the $1.90–$1.79 support range before making a move toward the $2.80–$3.00 resistance area.

This expected price action isn’t predicted to be smooth, according to Egrag; instead, will involve “quick wicks” – rapid price spikes that briefly test these key levels without sustaining them for long periods.

What Does Egrag See After the Volatility?

The forecast then gets interesting. After this anticipated period of price testing and volatility, Egrag sees the asset surging 62–70% from its eventual lowest point established during this corrective phase.

However, this rally might not happen immediately. The market could linger in what Egrag describes as a “boredom phase.” During this phase, price movements are minimal, giving the illusion of stagnation.

Related: “YOLO”: Ripple CTO Reacts as Analyst Swaps BTC, ETH, XRP, SOL for DOGE/BONK

But Egrag notes such quiet consolidation phases often set the stage for a powerful eventual breakout move higher in technical patterns. After a brief revisit to the $2 range, XRP might surprise everyone with a “final blastoff,” marking the start of a new bullish cycle. 

As Egrag puts it, “Ready or not, XRP will take you by surprise!” This hints that the current lull could be the calm before a storm of price action.