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Top Analyst Expects XRP Price to Dip a bit Further. Here’s the Price Target
The cryptocurrency market is in a state of flux, with many assets exhibiting signs of consolidation and uncertainty. Despite this environment, top crypto analyst CrediBULL Crypto remains steadfast in his outlook on Ripple’s XRP, suggesting that the asset may not be done declining just yet.
In response to fellow market watcher Crypto Cowboy’s inquiry regarding whether XRP had reached its anticipated downside target between $1.95 and $2.02, CrediBULL offered a resounding “no,” indicating that he anticipates further price decline before the next move higher can begin.
This stance aligns with his broader macro thesis, which emphasizes patience and precision in market analysis. CrediBULL’s approach often prioritizes waiting for chart confirmation before entering trades, allowing him to remain focused on larger trends rather than short-term fluctuations.
As XRP continues to trade within a broader consolidation range, the analyst sees no compelling reason to change his assessment of a potential further decline. This is not to say that CrediBULL’s views have changed or become more bearish; instead, he believes that this current price action serves as an opportunity for long-term investors and traders to prepare for what lies ahead.
The implications of such a view are significant, as they suggest that the short-term path may involve one last leg down before the next upswing can begin. If XRP does indeed dip further and find strong support, it could potentially set the stage for a swift recovery, possibly taking the asset back toward $2.75.
The market is known for its unpredictability and volatility.
Source: timestabloid.com
