XRP News Today: XRP May Dip 10% Before Next Upswing Says Analyst

Top crypto analyst CrediBULL Crypto has expressed his view that XRP, currently trading around $2.11, still has room to dip further before making its next move higher. In response to a query from fellow market watcher Crypto Cowboy, CrediBULL stated that XRP has not yet reached its anticipated downside target between $1.95 and $2.02, indicating that he expects the asset to revisit levels beneath the $2.00 mark before establishing a bottom.

This perspective suggests that despite XRP's resilience above $2.10, a more significant support test may still be ahead. The asset has cooled off after a strong multi-month rally, which saw it surge more than 300% from its November 2024 lows. Analysts tracking the price structure note that XRP is currently trapped in a tightening range between $1.77 and $2.20, awaiting a breakout or breakdown.

CrediBULL’s call for further downside reflects a cautious short-term outlook, even as the long-term structure remains intact. He is closely watching the $1.77 to $1.80 zone, which he has repeatedly highlighted as a key support area. A retracement into this region could offer an attractive entry point for those waiting on the sidelines.

CrediBULL previously identified a “point of breakdown” just below $2.00, which he believes is central to XRP’s next big move. A decisive reclaim of this level with strong momentum could ignite a new wave of upside, possibly taking XRP toward $2.75. However, if that reclaim doesn’t happen soon, XRP is more likely to retest the $1.77–$1.80 support zone before any significant upward movement.

Despite calling for further downside, the analyst has maintained a bullish macro thesis. His broader outlook is shaped by higher time frame technicals, including a potential five-wave Elliott structure that remains in play as long as XRP holds key support. According to CrediBULL, dips into the lower range should be seen as healthy retracements rather than bearish reversals.

CrediBULL’s approach emphasizes patience and precision. While many traders get caught up in the noise of short-term swings, he remains focused on structured entries. “For non-traders, it’s noise,” he recently said, referring to minor price fluctuations. His strategy centers on waiting for confirmation from the charts before acting, especially in volatile conditions.

XRP’s current movement aligns with this disciplined stance. Although some altcoins have already hit their downside targets, CrediBULL believes XRP is still in the process of completing its corrective phase. As such, he’s holding out for slightly lower prices before shifting his posture.

Summarily, this latest update reinforces a view shared by many experienced analysts: XRP’s short-term path may involve one more leg down before the next leg up. With his downside target resting around the $1.77–$1.80 level, the coming days could prove pivotal for the asset’s next move.

For traders and investors watching closely, this may be a chance to prepare. If XRP dips as expected and finds strong support, it could set the stage for a swift recovery—one that takes it back toward $2.75 and beyond.