A Cryptocurrency Analyst is Bullish on XRP
A cryptocurrency analyst and trader is bullish on XRP (XRP), which, as the fourth largest cryptocurrency by market capitalization, is hovering around 40% below its 2025 high of approximately $3.40.
The analyst, known as Reliable Crypto, told his 69,300 YouTube subscribers that XRP is currently in a consolidation phase.
“In terms of the return on investment (ROI) for November, XRP has been one of the strongest cryptocurrencies since November… I believe XRP is clearly the market leader here. We are consolidating, and after reaching the high price of $3.40, we are correcting. I’ve said this many times, in my opinion, this consolidation, this correction is just a pause before the next massive leg up.”
According to the pseudonymous analyst, XRP could further decline before a bullish reversal.
“I think we will see some action below these ranges, below $1.80. We might dip below the green demand zone here, which is between $1.30 and $1.60. How low we go, or whether we fully test it is unknown. However, the minimum target is the lows around $1.30, and then we can see the re-emergence of bullishness before a reversal.”
Source: Reliable Crypto/YouTube
The pseudonymous analyst further stated, “But one thing here is that XRP is incredibly, incredibly strong. Yes, it is correcting. In the short term, I think it will be a bit weak, as it is down about 20%, so we expect some weakness in XRP, but only around 20% to 30%.”
As of writing, XRP is trading at $2.02.
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