TLDR

• Lars Kooistra says XRP has shifted from accumulation to distribution on higher time frames.
• XRP price trades near $1.32 and remains below a key supply zone.
• Kooistra targets short positions near resistance with downside toward $1.10.
• ChartNerd warns of a possible drop to $0.70 if resistance holds.
• Other analysts remain divided, with some still forecasting new all-time highs.

XRP price trades near $1.32 as market analyst Lars Kooistra signals a structural shift toward distribution. He states that sellers may be regaining control after a brief upward phase. His latest update outlines potential short opportunities if resistance levels continue to hold.

XRP Price Structure Turns Bearish, Analyst Says

Kooistra reported that XRP previously followed a TCT accumulation model that lifted price levels. However, he said the structure has now shifted toward a higher time frame distribution phase. He explained that this change signals growing seller pressure and weaker upside momentum.

He stated, “The market has transitioned into distribution on a higher time frame.” He added that price compression often leads to a strong move, and he expects that move to be lower. Therefore, he now targets short positions near key supply zones with unfilled orders.

Earlier, on April 10, Kooistra observed an extended accumulation pattern. That move invalidated his earlier short position and forced him to close at breakeven. However, the structure later evolved, and he adjusted his outlook accordingly.

On April 7, he described a “go big or go home” short setup. He partially de-risked that trade after a 20% take-profit at the range low. He expected a deeper bearish move if support failed.

Key Resistance and Downside Targets in Focus

The XRP price currently trades below a supply zone in the mid-$1.30 range. Price briefly moved above $1.40 last week but failed to hold gains. It now hovers around $1.33 while facing resistance pressure.

Kooistra’s chart outlines a possible short-term bounce or consolidation phase. However, he projects a sharp decline if resistance levels remain intact. His downside targets extend toward the $1.20 and $1.10 regions on higher time frames.

He warned that XRP price may not revisit higher supply zones. He said the market could already be deep in distribution. Therefore, traders waiting for higher entries may not get another opportunity.

Other analysts also shared bearish projections. ChartNerd stated that XRP could fall toward $0.70 if it fails to break $1.80 and $2.00 resistance. He maintained this outlook while acknowledging that a breakout would invalidate his scenario.

Casi Trades echoed a similar stance on recent price action. She stated that the rebound has ended and warned of a possible drop toward $0.85. Meanwhile, Dark Defender and Javon Marks continue to predict a new all-time high cycle.

At press time, XRP price is near $1.32 with losses across daily, weekly, and monthly charts. Market participants now monitor whether resistance holds or price regains upward strength.