Analyst CrediBull Crypto has provided updated forecasts for the XRP/ETH trading pair. A short-term correction is anticipated, followed by a prolonged upward movement.
Expected Correction for XRP in Pair with ETH
In early March, CrediBull Crypto noted significant recovery of the trading pair, reaching levels not seen since 2021. However, bearish divergences on the chart signal a possible correction.
XRP Likely to Decline as ETH Gains Strength
The analyst indicated that XRP might drop to $1.60-$1.80 while Ethereum attempts to strengthen. This could mean ETH's dominance in the short term.
Long-Term Bullish Outlook Remains
Despite short-term correction, the long-term outlook for XRP stays positive. Currently, there is a trend of selling ETH in favor of XRP, which may lead to a swift recovery of the latter.
Overall, despite short-term uncertainty, CrediBull Crypto remains optimistic about XRP's long-term trajectory.
