Is The XRP Bottom In? Top Crypto Analyst Turns Ultra-Bullish
Credible Crypto, a broadly 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 “nonetheless seems completely freaking implausible” regardless of “probably the most devastating and most important liquidation occasion within the historical past of crypto.” He framed final Friday’s cross-market crash—“round 10 occasions greater than the FTX collapse”—as a bottom-forming anomaly and stated XRP’s key help held on closing bases, protecting his double-digit value outlook intact.
XRP Targets Double-Digits
The analyst’s core declare is simple: the violent wick to recent 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 didn’t get any 4-hourly closes under $2.30,” and that the deeper prints to $1.17 on some exchanges had been byproducts of pressured liquidations slightly than natural promoting.
“Ultimately on the high time frames as soon as once more it seems implausible,” he stated, including that XRP’s prior five-wave advance started at ~$0.49; so long as value holds above the origin of that impulse, he views the current selloff as a mid-cycle correction, not a cycle high. In his phrases: “This isn’t the top of the bull run for XRP… now we have a lot greater to go.”
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 subsequent impulse has begun. On relative pairs, he highlights a now-familiar horizontal he calls “Gandalf’s grave” on XRP/BTC—a previous multi-touch resistance that lately flipped to help and was revered on hourly closes even throughout 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 the next base above ~$1.90–$2.30.
In the second, XRP stabilizes right here and rips sooner, with XRP/BTC launching straight and “the minimal transfer… a 50% transfer up towards 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 totally loaded on XRP, that’s when it is best to get totally loaded,” he stated.
Crucially, Credible Crypto ties the XRP roadmap to Ethereum’s subsequent leg. He argues ETH confirmed “one of many cleanest impulsive actions” in years—a full five-wave advance from ~$2,000 to ~$4,700—then sketched two situations.
In situation one (the extra aggressive), that $2,000–$4,700 transfer is wave certainly one of a a lot bigger sequence to $10,000+, with the present drawdown constituting wave two earlier than a $5k–$6k growth leg.
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 tough 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 approach, he says, “sub-$2,000 Ethereum is probably going gone for the remainder of the cycle.”
Why does this matter for XRP? Because if ETH makes a clear run to and thru $5k first, XRP/ETH possible bleeds right into a deeper inexperienced demand band earlier than reversing—timing that will map to XRP/USD basing whereas the ETH leg completes. He sees that as constructive sign, not weak spot: a remaining dip in XRP/ETH towards higher-time-frame demand would “inform us once we could also be seeing good risk-reward alternative for lengthy trades on XRPUSD,” and the longer the bottom, “the better the growth.”
Credible Crypto’s playbook for affirmation is specific. On XRP/USD, look ahead to an impulsive five-wave thrust off the lows and for clear acceptance above $2.70–$3.11. On XRP/BTC, both a swift reversal from the “Gandalf’s grave” retest or a managed bleed right into a deeper, pre-identified demand block that will time a stronger USD-denominated breakout later. On XRP/ETH, a drift to the inexperienced demand space would possible coincide with ETH’s remaining push previous $5k, after which he expects the cross to reverse onerous in XRP’s favor.
At press time, XRP traded at $2.42.
