Crypto analyst CrediBull Crypto (@CredibleCrypto) recently updated XRP’s price action, highlighting that the first target had been met, with most local lows taken. His latest assessment builds on an earlier analysis from February 19, where he predicted a potential rejection after XRP reached a local supply zone. At the time, he stated that while there was uncertainty regarding a short-term move upward, he ultimately expected a sweep of the lows at $2.20 and ideally a further decline to $1.77. The updated chart confirms that XRP has been rejected from the local supply zone and has reached the $2.20 target. Given the broader market context, the analyst believes there is a strong possibility that the price could extend further downward. First target hit, most of the local lows taken. Looking at market context as a whole I think there is a decent chance we can tag our second target at range lows. $XRP https://t.co/93VTTxemse pic.twitter.com/NZ6CFJzFHd — CrediBULL Crypto (@CredibleCrypto) February 24, 2025 Supply Zone Rejection and Market Structure The February 19 analysis identified a critical supply zone between $2.7 and $3.00. XRP initially surged into this area, but selling pressure prevented a further climb, leading to a rejection. This aligns with supply zones acting as resistance levels where large sell orders are concentrated. As a result, XRP’s price began trending downward after the local highs were taken. Another crypto expert delved into this phenomenon, explaining XRP’s dynamics of its large market cap and fragile order books . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In the updated chart, the rejection from supply has played out as anticipated. The breakdown was further confirmed by the breach of an ascending support. However, once this support was lost, selling momentum intensified, driving the price to the expected $2.20. The asset currently sits at $2.25. Potential for Further Decline While XRP has already met the initial downside target, the analyst remains open to further downward movement. The next key level is $1.77, representing a significant area of prior liquidity. Losing the $2 level will be a major blow to the digital asset, as it has already fallen below $2.3 which many experts marked as a crucial threshold to prevent a continued downturn. However, given the overall market conditions, the probability of this scenario playing out has increased. CrediBull Crypto’s update reinforces this outlook, as the analyst notes that “most of the local lows” have already been taken, suggesting that the price may now be drawn toward deeper liquidity zones. The $1.77 level is a logical next target if bearish momentum persists. Despite the corrective move, CrediBull Crypto maintained in his previous analysis that XRP’s higher timeframe (HTF) structure remains intact. While short-term downside targets are in play, the broader trend may still be positioned for long-term strength . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Price Analysis: First Target Hit, Most of the Local Lows Taken appeared first on Times Tabloid .
