In recent days, XRP remains within a broad consolidation range. Analyst CrediBULL Crypto believes the asset may dip a bit more before starting an upward movement.
Current Market Position
At the time of this report, XRP is trading around $2.11, slightly down from its recent local high near $2.20. The asset has cooled off after a strong multi-month rally, which saw it surge more than 300% from its November 2024 lows. Analysts note that XRP is currently trapped in a tightening range between $1.77 and $2.20, awaiting a breakout or breakdown.
Chart Structure and Price Targets
CrediBULL previously identified a 'point of breakdown' just below $2.00, which he believes could be central to XRP's next big move. A decisive reclaim of this level with strong momentum could ignite a new wave of upside, possibly taking XRP toward $2.75. However, if that reclaim doesn’t happen soon, XRP is more likely to retest the $1.77–$1.80 support zone before any significant upward movement.
Market Sentiment and Strategy
CrediBULL’s approach emphasizes patience and precision. He believes that for non-traders, minor price fluctuations are just noise. His strategy centers around waiting for confirmation from the charts before acting, especially in volatile conditions. XRP’s current movement aligns with this disciplined stance. While some altcoins have already reached their downside targets, CrediBULL believes XRP is still completing its corrective phase and is awaiting slightly lower prices before shifting his position.
Recent updates suggest XRP is likely to face one more dip before the next upward movement. If the price does indeed drop to the expected levels and finds strong support, it could create conditions for a swift recovery and new growth.
