A cryptocurrency analyst and dealer is leaning bullish on XRP (XRP) because the fourth-largest crypto asset by market cap hovers round 40% under the 2025 excessive of about $3.40.
The analyst pseudonymously referred to as Credible Crypto tells his 69,300 YouTube subscribers that XRP is presently in a consolidation part.
“XRP has been one of many strongest crypto property since November when it comes to returns on funding (ROI), when it comes to good points…
…XRP in my view is clearly a market chief right here. And we’re consolidating, we’re correcting proper now after hitting a excessive of $3.40. And I’ve mentioned many occasions that in my view, this consolidation, this correction is solely a pause earlier than the subsequent large leg to the upside.”
Based on the pseudonymous analyst, XRP might, nevertheless, plummet additional earlier than a bullish reversal.
“I feel that we’re going to see a transfer under these vary lows at $1.80. We might go as little as the inexperienced space of demand right here, which is between $1.30 to $1.60. How low we go into that, or how deep we go into that, whether or not we even take a look at it in any respect is unknown. However the minimal goal is the vary lows [around $1.30] after which we must always see a reversal again to the upside for the subsequent leg to the upside.”
The pseudonymous analyst additional says,
“However the level right here is that XRP is extremely, extremely robust. And sure, it’s correcting. And within the instant brief time period, I feel it’s going to be a bit of bit weak because it strikes down about 20% to the draw back. So we predict some weak spot on XRP, however solely round 20% to 30% of weak spot.”
XRP is buying and selling at $2.02 at time of writing.
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