Analyst Predicts XRP Price Bottom. Here’s the Price Target

The current pullback across major assets has added pressure to each chart, yet many market watchers believe the cycle still holds strength.

That view shaped a new prediction from CryptoBull (@CryptoBull2020), who shared specific price targets for what he sees as the next bottom in several top assets.

XRP Price Targets for the Ongoing Correction

CryptoBull described the current environment as a correction rather than a long decline. He stated, “This is a correction. Not a bear market.” That view set the foundation for his forecast. He also noted that bear markets “last for around 10-12 months until a bottom is in,” which helped frame his argument that the market has not shifted into that phase.

His post included clear price levels for major coins. He said that Bitcoin will bottom at $75,500 and that Ethereum will bottom at $2,100. He then gave his target for XRP, placing its potential bottom at $1.55. This would place XRP close to the bearish target recently set by another analyst.

XRP’s Expected Bottom

The projection for XRP stood out due to the specific $1.55 target. CryptoBull’s view relies on the idea that the recent downturn fits within a normal market pullback. He did not attach conditions or alternative ranges to the $1.55 level. He framed it as the point where XRP may stabilize before the market moves again.

The analyst did not describe a timeline for when XRP might reach that level, but his statement about the current phase gives context. By stating that the market is not in a bear cycle, he implied that the move toward his projected bottom could come soon.

Despite the recent launch of multiple spot XRP ETFs, XRP has underperformed. The asset’s decline reinforces CryptoBull’s short-term bearish outlook. With a potential decline on the horizon, investors need to stay strong. Panicking and selling early could cause them to miss out on XRP’s resurgence.

What’s Next for the Crypto Market?

CryptoBull’s view focuses on the structure of the pullback rather than external factors. He did not mention catalysts or specific events. His approach relied on price behavior and the typical length of major downturns.

His figures for Bitcoin and Ethereum help frame the context for XRP. If Bitcoin were to drop to $75,500, the wider market would likely remain under pressure, making the $1.55 XRP target more likely. However, CryptoBull has also spotted a major bullish signal recently. His analysis suggests a reversal might be imminent, even if this short-term decline continues.

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 advised to conduct thorough 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.