The cryptocurrency market continues to respond dynamically to macro trends and technical patterns, with large-cap altcoins like XRP drawing increasing attention from traders and analysts alike. One prominent voice in the crypto space, pseudonymous analyst Credible, has recently shared an optimistic outlook on XRP, suggesting the payments-focused digital asset may be poised for a significant upward move—if key market conditions hold.
With over 439,000 followers on X (formerly Twitter), Credible is widely followed for his technical analysis grounded in the Elliott Wave theory—a methodology used to forecast price movements based on recurring wave patterns. His latest commentary on XRP has sparked renewed interest among investors monitoring this high-profile altcoin.
XRP Holds Critical Support at $1.35
One of the primary reasons behind Credible’s bullish stance is XRP’s ability to maintain support at the $1.35 level. This price zone has acted as a strong floor, preventing deeper corrections and signaling resilience amid broader market volatility.
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In a recent post, Credible stated:
"XRP looks fantastic here as long as BTC doesn’t ruin the party. Would expect a move to the range highs at $1.60+ at the minimum but this could be the start of a larger move to the upside."
This sentiment underscores the importance of Bitcoin’s (BTC) performance in shaping altcoin trajectories. Historically, BTC has served as a market leader, with its price action often dictating risk appetite across the crypto ecosystem. As long as Bitcoin remains stable or trends higher, assets like XRP are more likely to benefit from positive momentum spillover.
At the time of writing, XRP was trading around $1.44, placing it within striking distance of the targeted $1.60 resistance zone. A decisive breakout above this level could open the door to even higher targets, especially if volume and market participation increase.
The Role of Bitcoin in XRP’s Price Trajectory
While XRP shows independent strength, its short-term fate remains closely tied to Bitcoin’s behavior. Credible emphasized that a breakdown in BTC could derail bullish expectations across the board.
If Bitcoin experiences a sudden drop, the analyst warns that XRP could retrace by at least 22% from current levels—potentially dipping below $1.10. Such a move would confirm what Credible refers to as the completion of “wave one” in his Elliott Wave count, which began at $0.48 and extended toward $1.62.
However, rather than viewing such a scenario as purely bearish, Credible sees it as a potential buying opportunity:
"If XRP breaks below $1.10, it will be a great dip buying opportunity somewhere below that and above $0.48."
Conversely, if XRP holds above current support and extends into a fifth-wave rally—as predicted by Elliott Wave theory—there’s a strong possibility the asset won’t revisit sub-$1 territory again in the near term.
This dual-outlook approach highlights the value of scenario planning in crypto trading, where volatility demands flexible strategies and disciplined risk management.
Understanding Elliott Wave Theory in Crypto Markets
Elliott Wave analysis is based on the idea that financial markets move in predictable cycles driven by investor psychology. In a bullish trend, prices typically advance through five waves (labeled 1 through 5), followed by a corrective three-wave pattern (A-B-C).
For XRP, Credible interprets the rally from $0.48 to $1.62 as the completion of wave one. The current consolidation may represent either a pause before wave five (an extension of the initial bullish phase) or the beginning of a deeper correction.
Traders using this framework watch for specific criteria:
- Wave two should not retrace more than 100% of wave one.
- Wave three is often the strongest and longest.
- Wave five may show weaker momentum but can still deliver substantial gains.
Applying this model to XRP helps contextualize current price action and provides measurable levels for both upside potential and downside risk.
Key Price Levels to Watch
Investors tracking XRP should keep a close eye on several critical thresholds:
- $1.35: Immediate support level. A sustained hold above this point supports continued bullish momentum.
- $1.60+: Near-term resistance target. A breakout here could signal the start of a broader rally.
- $1.10: Critical breakdown level. A close below this zone would invalidate the current bullish structure and suggest deeper corrections ahead.
- $0.48: Long-term bottom reference. Even in worst-case scenarios, this level represents strong historical demand.
Monitoring volume and on-chain activity alongside these levels can enhance decision-making accuracy.
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FAQ: Frequently Asked Questions About XRP’s Outlook
Q: What factors make XRP attractive right now?
A: XRP’s resilience at key support levels, combined with positive technical patterns and strong analyst sentiment, makes it appealing to traders. Its utility in cross-border payments also adds fundamental credibility.
Q: How does Bitcoin influence XRP’s price?
A: Bitcoin often sets the tone for the entire crypto market. When BTC stabilizes or rises, altcoins like XRP tend to outperform. Conversely, a BTC sell-off usually drags down other digital assets.
Q: Is a drop below $1 likely for XRP?
A: According to Credible, it’s possible if Bitcoin collapses sharply. However, such a move would likely present a strategic buying opportunity rather than a permanent decline.
Q: What is the Elliott Wave theory?
A: It’s a technical analysis method that identifies recurring wave patterns in financial markets. Bullish trends unfold in five waves upward, followed by three corrective waves downward.
Q: Can XRP reach $2 or higher?
A: While not guaranteed, extended bullish momentum—especially in a strong macro environment—could push XRP toward $2 over time. This would require sustained demand and broader market confidence.
Q: Where should traders monitor for updates on XRP?
A: Reliable platforms offering real-time price data, on-chain analytics, and expert commentary are essential. Always verify sources and avoid relying solely on social media sentiment.
Final Thoughts: Balancing Opportunity and Risk
XRP remains one of the most watched altcoins due to its established use case in global payments and ongoing regulatory developments. Technical indicators suggest potential for further upside, particularly if Bitcoin maintains stability.
Yet, as Credible cautions, no asset moves in isolation. Market participants must remain vigilant about systemic risks while positioning themselves for both breakout and breakdown scenarios.
Whether you're considering entry points near support or preparing for a run toward $1.60 and beyond, having a clear strategy—backed by sound analysis—is crucial in today’s fast-moving crypto landscape.
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