XRP has been through the wringer lately. Last Friday’s market bloodbath hit harder than anything before, experts say clocking in at around ten times the carnage of the infamous FTX collapse.
Yet, the crypto oracle known as Credible Crypto, just threw down the gauntlet with some seriously bullish vibes on XRP.
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Double digits
Despite chaos and forced liquidations, XRP didn’t really break down where it counts. The key price zone between $2.00 and $2.40 held firm on monthly charts.
Even with flash dips to about $1.17, those lowball prices were nothing but forced sell-offs, like desperate people getting dragged into a painful exit.
XRP’s big picture still looks absolutely freaking fantastic, quoted words, as the analyst put it, holding above the start of its prior rally.
Bottom line? That brutal selloff is a mid-cycle hiccup, not the death knell for XRP’s bull run. The price target? Double digits and beyond.
You shall not pass
Credible Crypto mapped out clear checkpoints. Break above $2.70 to $3.11 on XRP/USD signals the next leg up has kicked off.
On the XRP/BTC front, there’s a funny name for a critical support level, “Gandalf’s grave.”
During the crash, XRP refused to close below this area, in crypto land, that’s like a wizard’s last stand, holding off the dark forces. You shall not pass.
The forecast splits like a choose-your-own-adventure. Scenario one, Bitcoin rockets to $130k-$150k while XRP flirts sideways, dragging XRP/BTC lower, giving bargain hunters a juicy entry before the next burst.
Scenario two, XRP lights up sooner, jumping 50% against Bitcoin, blowing past previous highs. If anything, a dip on XRP/BTC sounds like a golden buy-the-dip moment.
Demand zone
But there’s an Ethereum subplot. Credible Crypto sees ETH’s explosive climb from $2,000 to $4,700 as wave one of a possible journey to $10,000.
If ETH hits this, XRP’s dip against ETH could signal another prime buying window. He offers a solid line in the sand, ETH dropping below $2,700 would kill that optimistic story.
And why care? Because XRP/ETH falling to a deep demand zone while ETH rockets could mean XRP/USD is quietly building its base. The longer that base, the bigger the boom.
So, watch for XRP/USD’s five-wave pop off the lows. Keep an eye on “Gandalf’s grave” on XRP/BTC—either a bounce or a slow bleed into a demand zone prepping for a massive breakout.
For XRP/ETH, the perfect storm is a dip meeting ETH’s charge past $5k, setting up XRP’s next big move.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
