XRP may be setting up for a relief rally after sweeping local range lows, but crypto analyst CrediBULL Crypto (@CredibleCrypto) believes the larger correction has not yet finished.
In a recent market update, the analyst outlined a path that could see XRP recover toward nearby resistance before eventually reaching a higher-timeframe demand zone that he considers a more attractive area for accumulation.
His outlook combines both the XRP/USD and XRP/BTC charts, with the latter playing a key role in determining when a lasting bottom may arrive.
Local range lows on $XRP have been taken.
Would make some sense for a move to range highs assuming we get some relief across the board but I would be very cautious if/when we get that move because XRP/BTC still sits some 30% above my downside target so I don't quite think this… https://t.co/778YN1l75I pic.twitter.com/4EaTFkyWVH
— CrediBULL Crypto (@CredibleCrypto) June 5, 2026
Local Range Lows Have Already Been Swept
CrediBULL Crypto noted that XRP has already taken out its local range lows, a development that often precedes a bounce. As a result, he believes a move back toward range highs would be reasonable if the wider crypto market experiences some relief.
On the XRP/USD chart, the price currently trades near $1.10 after a prolonged decline from its cycle high of $3.65 from July 2025. The chart highlights a support region around $1.12 and a potential recovery path toward the local range high near $1.66. That level tops the current trading range that has contained price action for several months.
The analyst wrote, “Would make some sense for a move to range highs,” while emphasizing that any recovery should be viewed within the context of the ongoing correction.
XRP/BTC Remains the Key Signal
While XRP could see a short-term recovery against the dollar, CrediBULL Crypto believes the XRP/BTC pair still has unfinished business on the downside. His XRP/BTC chart shows the pair trading near 0.0000179 BTC, with a highlighted target zone lower down. According to the chart, that area sits roughly 30% below current levels.
The chart identifies a support area near 0.0000124 BTC, which aligns with the marked target zone. A move into that region would complete the analyst’s projected decline and potentially coincide with XRP reaching a stronger accumulation area against the dollar.
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The Green Demand Zone
CrediBULL Crypto believes XRP could still reach a major higher-timeframe demand zone before finding a stronger long-term bottom. He said XRP is likely to “find its way to our HTF demand zone in green one way or another,” identifying that region as an area he would consider “worth buying” if XRP/BTC also reaches its target.
The analyst views the current correction as a natural response to XRP’s powerful rally from roughly $0.50 to above $3.60. While his charts allow for a rebound toward local range highs first, he expects the broader correction process to continue before completion.
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 advised to conduct thorough 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.
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