Is The XRP Bottom In? Top Crypto Analyst Turns | XRP News

Credible Crypto, a extensively adopted market technician with 479,900 followers on X, turned decisively upbeat on XRP in an October 15 video, arguing that the token’s high-time-frame construction “still looks absolutely freaking fantastic” regardless of “the most devastating and most significant liquidation event in the history of crypto.” He framed final Friday’s cross-market crash—“around 10 times more than the FTX collapse”—as a bottom-forming anomaly and mentioned XRP’s key help held on closing bases, holding his double-digit price outlook intact.

XRP Targets Double-Digits

The analyst’s core declare is easy: the violent wick to contemporary lows throughout many venues didn’t invalidate XRP’s high-time-frame uptrend. He factors to a month-to-month demand band at roughly $2.00–$2.40, noting that even after the flash-liquidity cascade “we did not get any 4-hourly closes below $2.30,” and that the deeper prints to $1.17 on some exchanges have been byproducts of pressured liquidations reasonably than natural promoting.

“Ultimately on the high time frames once again it looks fantastic,” he mentioned, including that XRP’s prior five-wave advance started at ~$0.49; as long as price holds above the origin of that impulse, he views the current selloff as a mid-cycle correction, not a cycle prime. In his phrases: “This is not the end of the bull run for XRP… we have much higher to go.”

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He lays out clear tactical markers. On the USD pair, the primary significant provide band sits round $2.70–$3.11; acceptance above that area would counsel the following impulse has begun. On relative pairs, he highlights a now-familiar horizontal he calls “Gandalf’s grave” on XRP/BTC—a prior multi-touch resistance that lately flipped to help and was revered on hourly closes even during the crash.

The path ahead, in his telling, splits into two equally believable tracks. In the primary, Bitcoin runs sizzling towards $130–$150k in a parabolic extension whereas XRP chops sideways; that rotational dynamic would push XRP/BTC decrease towards a deeper, high-time-frame demand zone at the same time as XRP/USD holds a increased base above ~$1.90–$2.30.

In the second, XRP stabilizes right here and rips sooner, with XRP/BTC launching instantly and “the minimum move… a 50% move up against Bitcoin,” which might place XRP/USD at new all-time highs. He cautions that a drift decrease on XRP/BTC could be a function, not a bug: “If you’re not fully loaded on XRP, that is when you should get fully loaded,” he mentioned.

Crucially, Credible Crypto ties the XRP roadmap to Ethereum’s subsequent leg. He argues ETH confirmed “one of the cleanest impulsive movements” in years—a full five-wave advance from ~$2,000 to ~$4,700—then sketched two eventualities.

In situation one (the more aggressive), that $2,000–$4,700 transfer is wave one of a a lot bigger sequence to $10,000+, with the present drawdown constituting wave two earlier than a $5k–$6k growth leg.

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In situation two (much less aggressive), ETH is lacking a remaining wave-five push to new highs simply above $5k, after which would endure a broader, deeper wave-two correction. He even offers a laborious invalidation for situation two: if ETH fell to ~$2,700–$2,800, the overlap with wave-one territory would scrap it, implicitly favoring situation one. Either manner, he says, “sub-$2,000 Ethereum is likely gone for the rest of the cycle.”

Why does this matter for XRP? Because if ETH makes a clean run to and thru $5k first, XRP/ETH seemingly bleeds into a deeper inexperienced demand band earlier than reversing—timing that might map to XRP/USD basing whereas the ETH leg completes. He sees that as constructive signal, not weak spot: a remaining dip in XRP/ETH towards higher-time-frame demand would “tell us when we may be seeing good risk-reward opportunity for long trades on XRPUSD,” and the longer the bottom, “the greater the expansion.”

Credible Crypto’s playbook for affirmation is express. On XRP/USD, watch for an impulsive five-wave thrust off the lows and for clean acceptance above $2.70–$3.11. On XRP/BTC, both a swift reversal from the “Gandalf’s grave” retest or a managed bleed into a deeper, pre-identified demand block that might time a stronger USD-denominated breakout later. On XRP/ETH, a drift to the inexperienced demand space would seemingly coincide with ETH’s remaining push previous $5k, after which he expects the cross to reverse laborious in XRP’s favor.

At press time, XRP traded at $2.42.

Featured image created with DALL.E, chart from TradingView.com