Bitcoin experienced a price drop following a rally spurred by the Federal Open Market Committee (FOMC) meeting, with options traders now setting their sights on a $100,000 target. Meanwhile, XRP’s market structure is drawing attention, with analysts like CrediBull Crypto highlighting its potential for significant gains.
A chart shared by CrediBull Crypto reveals a well-defined consolidation range for XRP after its strong rally that kicked off in November 2024. The price is currently fluctuating within a green-highlighted range, indicating a phase of accumulation that could precede a breakout.
He identifies a critical support level, noting that a dip into this zone would offer a “fantastic opportunity” for long positions. However, CrediBull Crypto emphasizes a disciplined approach, stating he’s comfortable holding spot positions if the setup doesn’t play out, expecting XRP to reach double-digit prices in the future.
Key levels from the analysis include a 100% retracement at around $1.77 and a projected target above $3.12. The chart also features a blue target zone, suggesting an initial breakout could push XRP as high as $3.4.
CrediBull Crypto’s strategy highlights the value of patience. Rather than chasing impulsive trades, he’s waiting for the price action to align with his plan. His chart includes a red invalidation level, where a deeper drop would undermine the bullish setup, helping traders avoid losses and offering a chance to re-enter later.
CrediBull Crypto has long expressed optimism about XRP’s trajectory. He previously forecasted that XRP would outperform the market in the coming months, calling the current setup its “manifest destiny.” His conviction in substantial gains remains firm, even amid short-term volatility.
While he hasn’t specified an exact target in his latest analysis, he predicted in December that XRP could climb to $22, offering a potential benchmark for its double-digit run. His recent commentary suggests that even without an ideal entry point, he anticipates significant appreciation. He also notes that traders betting against the current upward push might inadvertently create a favorable buying opportunity.
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This content is for informational purposes only and does not constitute financial advice. The views expressed may reflect the author’s personal opinions and do not necessarily align with Times Tabloid’s stance. Readers should conduct thorough research before making investment decisions. All actions taken are at the reader’s own risk, and Times Tabloid is not liable for any financial losses.
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