CrediBULL Crypto warns XRP could drop 20% before targeting $20 long term

Cryptocurrency analyst CrediBULL Crypto has stated that XRP may see another significant decline before the next major rally, despite potential for a short-term rebound. He shared this outlook in a recent video on X, highlighting key levels for investors to monitor as the digital asset continues its correction phase.

XRP Could Face Another Drop Before Recovery

CrediBULL Crypto, known for his technical analysis and market forecasts, indicated that XRP still needs to revisit lower price zones. While he acknowledged that the token may see a brief uptrend, he believes the broader corrective trend remains in place.

The analyst reviewed XRP’s previous movement from approximately $1 to $1.70 and emphasized that this recovery did not mark the beginning of a sustained bull trend. Instead, he described this climb as a transition from the lower to the upper end of XRP’s established trading range.

The $1.80 mark stands out as a critical resistance level, with a key demand zone near $1.94 serving as a potential retest target. XRP has traded in its current range for nearly nine months, and these boundaries continue to define its immediate outlook.

In his analysis, CrediBULL Crypto also revisited the XRP/BTC and XRP/ETH pairs, noting that a further decline of around 20% and 10%, respectively, would be needed to reach key support areas that he has not yet seen tested.

For the XRP/USD pair, he suggested that another drop of at least 20% is likely, identifying the region below $1 as a probable floor. He pointed to $0.90 as a potential reversal zone from which a longer-term recovery could emerge.

Short-Term Upside Possible Before Deeper Correction

Despite his caution, CrediBULL Crypto did not rule out the possibility of a local rally before XRP’s next leg downward. He explained that a move back toward $1.80 could tempt traders into believing a new bullish phase has started, though he sees this as a continuation within its current range.

The analyst’s view aligns with his expectation for Bitcoin, predicting a potential move toward $90,000 that could temporarily lift other major cryptocurrencies like XRP and Ethereum. However, he believes that if Bitcoin faces strong resistance and reverses sharply at that level, XRP may suffer a deeper correction, potentially falling to the $0.90 demand zone.

He emphasized the risk of interpreting any short-lived surge as a definitive sign of broader market strength for XRP, urging caution around key resistance levels.

Maintains Long-Term Bullish Outlook for XRP

While his near-term forecast is bearish, CrediBULL Crypto continues to hold a bullish long-term perspective for XRP. He said the cryptocurrency already exceeded its previous all-time high of around $3.68, as reflected on certain exchange charts, and expects the ongoing correction to be a routine phase after such a move.

Looking ahead, he anticipates XRP will set a higher low, remaining above the previous macro low near $0.50, before beginning a significant new ascent. His analysis suggests a recovery that could eventually propel XRP past $3.80 and up to double digits, with an ultimate target above $20, though he cautioned that this milestone may take time to achieve.

Amid the short-term uncertainties, CrediBULL Crypto maintains that a potential drop toward $0.90 is the key scenario investors should watch more closely than a temporary rally.

A move to $0.90 could signal a final bottom, positioning XRP for a sustainable reversal and longer-term gains, despite prevailing volatility.

Mini dictionary: CrediBULL Crypto is a well-known independent cryptocurrency analyst and trader, recognized for his market commentary and technical analysis focused primarily on large-cap digital assets.