HomeCryptocurrencyVeteran Analyst Shares A Much Requested and Overdue Update on XRP

Veteran Analyst Shares A Much Requested and Overdue Update on XRP

Crypto analyst CrediBULL Crypto believes XRP could face another decline before beginning its next major rally, despite the possibility of a short-term recovery.

In a new video update on X, the analyst explained why he expects the cryptocurrency to revisit lower price levels and identified the conditions that could signal a longer-term buying opportunity.

CrediBULL Crypto also cautioned investors against interpreting another potential rally toward $1.80 as confirmation that XRP has entered a new bullish phase. He believes the cryptocurrency remains within its established trading range and still needs to complete its correction.

CrediBULL Crypto Maintains Lower XRP Targets

CrediBULL Crypto revisited his previous analysis of XRP, particularly the period when the cryptocurrency climbed from approximately $1 to $1.70. At the time, he stated that the recovery did not confirm a breakout because XRP had only moved from the lower boundary of its established range toward the upper boundary.

The analyst identified $1.80 as an important resistance level, with an orange demand zone around $1.94 representing his expected target for a potential retest. He explained that XRP has traded within its current range for approximately eight to nine months.

He also revisited his XRP/BTC and XRP/ETH analyses, maintaining that both trading pairs still need to reach lower support zones. His minimum targets remain untested, with XRP/BTC requiring another decline of approximately 20% and XRP/ETH needing at least another 10% downward move.

For XRP/USD, CrediBULL Crypto expects another decline of at least 20%. He identified the area below $1 as a potential destination and suggested that XRP could approach $0.90 before establishing a longer-term bottom.

Why Another Rally Could Precede a Deeper Correction

Despite his bearish outlook on the broader correction, CrediBULL Crypto sees room for another short-term recovery. He believes XRP could establish a local bottom around its current demand zone and climb toward the upper boundary of its trading range.

His Bitcoin outlook supports this possibility. The analyst expects Bitcoin to recover toward $90,000 as it targets liquidity above its current trading range. He believes XRP and Ethereum could also move higher during this period.

However, he identified $1.80 as an important level to watch if XRP participates in the recovery. He warned that a move toward this resistance could attract bullish expectations, even though the cryptocurrency would remain within its established range.

CrediBULL Crypto considers this scenario particularly important because Bitcoin could face a significant rejection around $90,000. If that happens, he expects XRP to experience a deeper decline than Bitcoin, potentially pushing it toward the lower demand zone around $0.90.

Analyst Maintains Long-Term XRP Price Targets Above $20

Although CrediBULL Crypto expects further downside, he remains bullish on XRP’s longer-term prospects. He explained that the cryptocurrency has already surpassed its previous all-time high, reaching approximately $3.68 on the exchange chart shown in his analysis.

He considers the current correction a normal development following that advance. His broader expectation is that XRP will establish a higher low above its previous macro low of approximately $0.50 before beginning another significant upward move.

The analyst believes that recovery could eventually push XRP above $3.80 and toward double-digit prices. He also reiterated his longer-term expectation of prices above $20, although he acknowledged that reaching those levels could take considerable time.

For now, CrediBULL Crypto considers the potential decline toward $0.90 more important than another short-term rally.

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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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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