A certain crypto analyst, known to the world under the pseudonym Credible Crypto, and boasting an impressive 69,300 YouTube subscribers, finds himself in a contemplative mood regarding XRP, the fourth-largest cryptocurrency by market cap. Despite its current position, hovering some 40% below its 2025 peak of about $3.40, the analyst remains optimistic.
“XRP has been one of the strongest crypto assets since November in terms of returns on investment (ROI), in terms of gains…” he muses. “XRP, in my humble opinion, is clearly a market leader. And we are consolidating, we are correcting right now after hitting a high of $3.40. And I’ve said many times that in my humble opinion, this consolidation, this correction is simply a pause before the next massive leg to the upside.”
However, the path to this glorious future may not be entirely smooth. Credible Crypto warns that XRP might dip further before a bullish reversal. “I think that we’re going to see a move below these range lows at $1.80. We could go as low as the green area of demand here, which is between $1.30 to $1.60. How low we go into that, or how deep we go into that, whether we even test it at all is unknown. But the minimum target is the range lows [around $1.30], and then we should see a reversal back to the upside for the next leg to the upside.”
Expounding further, the analyst asserts, “But the point here is that XRP is incredibly, incredibly strong. And yes, it is correcting. In the immediate short term, I think it’s going to be a little bit weak as it moves down about 20% to the downside. So we are expecting some weakness on XRP, but only around 20% to 30% of weakness.”
At the time of writing, XRP is trading at $2.02. Let’s see if the market agrees with Credible Crypto’s predictions. Only time will tell, and perhaps a bit of luck will be on XRP’s side. 🍀
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2025-04-04 12:21