Crypto analyst CrediBULL Crypto has provided an update on XRP’s price action, highlighting key developments in its recent movement.
In a tweet on February 14, he initially observed that XRP was approaching the upper range highs, a move he had expected to happen alongside Bitcoin (BTC) surpassing the $100,000 level. However, BTC has yet to experience that relief rally, leading him to reconsider his market expectations.
In his latest tweet, he pointed out that XRP has faced rejection after reaching the local supply zone, around the $2.78 price level.
Looks like we are going for the larger range highs first.
This changes things a bit as I was thinking we would only go for these highs along with a push on $BTC above 100k+.
Instead we have nearly pushed to the range highs while $BTC hasn't yet had a relief move to 100k+.
This… https://t.co/Df79EPZZ59 pic.twitter.com/RALJFlSfDb
— CrediBULL Crypto (@CredibleCrypto) February 14, 2025
While he remains uncertain whether there will be another attempt to push higher, he maintains his expectation that XRP will revisit the lower levels, with a minimum target of $2.20 and an ideal downside target of $1.77.
Despite this anticipated correction, he remains confident in the broader high-time frame (HTF) structure, suggesting that the overall market trend remains intact.
XRP’s Strength vs. Bitcoin’s Lack of Momentum
One of the key observations made by CrediBULL Crypto in his February 14 tweet was the divergence between XRP and Bitcoin. XRP has pushed towards its range highs, but BTC has not yet made a corresponding move to the $100,000 level. This led him to question whether XRP’s performance was a sign of strength or if BTC’s lack of movement indicated underlying weakness.
Given this uncertainty, he decided to remove his bids at $94,100 for BTC and adopt a more cautious approach, waiting for additional market developments before making further trading decisions.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Market Implications and Key Levels to Watch
The latest rejection at the supply zone suggests that XRP may be due for a correction before any sustained move higher. The analyst has identified $2.20 as a minimum downside target and $1.77 as a deeper support level. This aligns with the broader market structure, where corrections are expected within a bullish trend.
The chart he shared highlights a key supply zone between approximately $2.78 and $3.20, which acted as resistance. The price has reacted to this zone, leading to a pullback. The lower levels around $1.77–$1.59, marked in green, represent areas of interest where buying interest could emerge.
CrediBULL Crypto remains focused on how BTC and the broader crypto market react in the coming days. If BTC gains strength and moves higher, it could support XRP to reclaim its previous highs. However, if BTC continues to struggle, XRP may follow with a deeper retracement.
For now, XRP traders should watch the key levels mentioned and monitor Bitcoin’s price action for additional clues on market direction.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
