Crypto analyst CrediBull Crypto (@CredibleCrypto) has provided an updated analysis of XRP’s price action, confirming that the first target of $2.20 has been met following a rejection from a key supply zone. His latest insights build upon an earlier February 19 prediction, where he anticipated a potential downturn after XRP surged into a local resistance area.
First target hit, most of the local lows taken.
— CrediBULL Crypto (@CredibleCrypto) February 24, 2025
Looking at market context as a whole I think there is a decent chance we can tag our second target at range lows.$XRP https://t.co/93VTTxemse pic.twitter.com/NZ6CFJzFHd
Rejection from Supply Zone and Market Structure Shift
CrediBull Crypto’s February 19 analysis pinpointed a supply zone between $2.70 and $3.00, where XRP faced significant selling pressure. As expected, XRP entered this zone but failed to maintain momentum, triggering a rejection. This aligns with historical resistance patterns where supply zones act as strong barriers due to concentrated sell orders.
Following this rejection, XRP’s price began to decline, a move exacerbated by the breach of an ascending support trendline. Once this support was lost, selling pressure intensified, driving XRP to the anticipated $2.20 target. As of the latest update, XRP hovers around $2.25, signaling a potential continuation of the downtrend.
Potential for Further Downside Toward $1.77
While XRP has already hit its initial downside target, CrediBull Crypto suggests that further declines remain possible. The next significant support level is at $1.77, an area of prior liquidity that could act as a magnet for price action if bearish momentum persists.
Breaking below the $2.00 level would be a major bearish signal, particularly since XRP has already fallen under the crucial $2.30 support zone. Market analysts believe this level was essential in preventing deeper declines, and its breach increases the likelihood of XRP revisiting lower liquidity areas.
Also Read: Ripple Unveils 2025 Roadmap for Institutional DeFi on XRP Ledger
Despite the current corrective phase, CrediBull Crypto maintains that XRP’s higher timeframe (HTF) structure remains intact. While the short-term outlook suggests continued bearish movement, the broader trend could still support long-term strength. Investors will closely watch whether XRP stabilizes or extends its decline toward $1.77 in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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