XRP Bullish Game Plan: Double-Digit Targets

CrediBull Crypto (@CredibleCrypto), a well-known cryptocurrency analyst, has reiterated his bullish outlook on XRP, highlighting a specific market setup that could lead to a breakout.

In his latest post on X, he shared a chart illustrating a structured trading plan for XRP, emphasizing his preference for an optimal entry rather than chasing price movements mid-range.

The Current Market Structure

The chart shared by CrediBull Crypto presents a well-defined consolidation range for XRP following the asset’s strong rally that began in November 2024. The price is moving within a green-highlighted range, suggesting a period of accumulation before a potential upward move.

He marks a critical support level, emphasizing that a dip into this zone would present a “fantastic opportunity” for long positions. However, he clarifies that if this setup does not materialize, he is content holding spot positions, anticipating XRP to reach double-digit prices in the future.

The analysis includes key levels, with a 100% retracement at approximately $1.77 and a projected target above $3.12. The chart also highlights a blue target zone, indicating the anticipated region for the initial breakout which extends as high as $3.4.

CrediBull Crypto’s approach underscores the importance of patience in trading. Instead of entering impulsive long positions, he is waiting for price action to align with his plan.

His chart indicates a defined invalidation level marked in red, where a deeper decline would challenge the bullish setup and help investors avoid further losses. This would also provide an opportunity to re-enter the market for future long positions.

Confidence in Double-Digit XRP Prices

CrediBull Crypto has consistently maintained an optimistic view of XRP’s long-term price potential. He previously predicted that the digital asset would outperform the rest of the market in the next few months.

The analyst has also referred to the current setup as XRP’s “manifest destiny,” reinforcing his conviction that the asset will see significant gains. While he is prepared for short-term market fluctuations, his long-term outlook remains unchanged.

While the analyst did not provide a specific target, he predicted in December that the asset could climb to $22, providing a potential target for the upcoming double-digit price run.

His latest post reflects this confidence, suggesting that even if the ideal entry point does not emerge, he expects XRP to appreciate substantially. He also mentions that traders fading the current push could help create the conditions for a favorable buying opportunity.

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.

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