Whats Next for XRP? Analyst Gives His Short-Term Prediction
According to the pseudonymous analyst, XRP is currently in a consolidation phase and remains one of the strongest performers in the market since November 2024.
XRP: A Market Leader in Terms of Returns
Credible Crypto recently shared that XRP has been one of the strongest crypto assets in terms of returns on investment (ROI), and he views the asset as a market leader. After reaching a high of $3.40, XRP has entered a correction phase, with the analyst stating that this is simply a pause before a potential upward move.
In his analysis, Credible Crypto emphasized, XRP in my opinion is clearly a market leader here. And we are consolidating, we are correcting right now This correction is simply a pause before the next massive leg to the upside.
Potential for Further Decline Before Reversal
Despite his bullish long-term outlook, Credible Crypto believes that XRP could see further downside before reversing course. He suggests that the price could dip below the $1.80 range lows, potentially reaching as low as the demand zone between $1.30 and $1.60.
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, he noted. While the exact depth of the potential drop is uncertain, Credible Crypto anticipates that XRP may experience a 20% to 30% correction in the short term.
XRPs Strength and Long-Term Potential
Despite the short-term weakness expected, Credible Crypto remains confident in XRPs long-term strength. He stressed that XRP has shown resilience and strength over recent months, and the current consolidation phase is a natural part of the assets market behavior. According to the analyst, the current pullback represents a healthy correction before the asset continues its upward trajectory.
Conclusion: A Short-Term Setback with Long-Term Promise
While XRP may face short-term weakness, with the possibility of a 20% to 30% decline, Credible Crypto remains optimistic about the cryptocurrencys long-term potential. With its strong performance since November 2024 and consolidation phase following its $3.40 peak, XRP is positioned for a bullish reversal once the correction concludes. The demand zone between $1.30 and $1.60 could present a key support level before the next phase of upward momentum.
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