While XRP continues to trade within a broader consolidation range, top crypto analyst CrediBULL Crypto believes the asset still has room to dip before making its next move higher. His analysis responds to a query by fellow market watcher Crypto Cowboy, who questioned whether XRP had reached its anticipated downside target between $1.95 and $2.02.
CrediBULL’s stance was clear: “No, still looking for a bit lower,” indicating he expects XRP to revisit levels beneath the $2.00 mark before establishing a bottom. This perspective suggests that despite the token’s resilience above $2.10, a more significant support test may lie ahead.
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Current Market Position
As of now, XRP trades around $2.11, slightly down from its recent local high near $2.20. The asset has cooled off after a strong multi-month rally, surging over 300% from its November 2024 lows. Analysts note XRP is trapped in a tightening range between $1.77 and $2.20, awaiting a breakout or breakdown.
CrediBULL’s call for further downside reflects a cautious short-term outlook, though the long-term structure remains intact. He emphasizes watching the $1.77–$1.80 zone as a key support area, which could offer an attractive entry point for sidelined investors.
Chart Structure and Price Targets
CrediBULL previously identified a critical “point of breakdown” just below $2.00, central to XRP’s next major move. A decisive reclaim of this level with strong momentum could propel XRP toward $2.75. However, failure to reclaim this level soon may lead to a retest of the $1.77–$1.80 support zone before upward movement resumes.
Despite his near-term bearishness, CrediBULL maintains a bullish macro view, citing higher time frame technicals like a potential five-wave Elliott structure. He asserts that dips into lower ranges should be viewed as healthy retracements rather than reversals.
Market Sentiment and Strategy
CrediBULL’s strategy prioritizes patience and precision, avoiding knee-jerk reactions to short-term volatility. He advises waiting for chart confirmations before acting, especially in volatile markets. While some altcoins have met their downside targets, CrediBULL believes XRP is still completing its corrective phase and may dip further before rebounding.
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FAQs
Q: What is CrediBULL’s downside target for XRP?
A: He targets the $1.77–$1.80 support zone before a potential upward reversal.
Q: What could trigger XRP’s next rally?
A: A decisive reclaim of the $2.00 level with strong momentum could ignite a move toward $2.75.
Q: Is XRP’s long-term outlook still bullish?
A: Yes, CrediBULL maintains a bullish macro thesis, viewing retracements as healthy corrections.
Q: How should traders approach XRP’s current volatility?
A: Focus on structured entries, waiting for chart confirmations before making moves.
Q: What’s the key support level to watch?
A: The $1.77–$1.80 zone is critical for potential buying opportunities.
Conclusion
CrediBULL’s analysis underscores XRP’s potential for one more dip before its next upward leg. Traders watching the $1.77–$1.80 support zone could find strategic entry points, setting the stage for a recovery toward $2.75 and beyond.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.
### Keywords:
- XRP
- CrediBULL Crypto
- Price target
- Cryptocurrency analysis
- Support zone
- Market volatility
- Trading strategy