XRP local lows swept: relief bounce possible, but correction not done
Crypto analyst CrediBULL Crypto says XRP has already swept its local range lows, a move that often precedes a bounce. On the XRP/USD chart, XRP is around $1.10 after a long decline from the $3.65 cycle high (July 2025). The analyst flags support near $1.12 and expects a recovery toward the local range high near $1.66 if the broader market sees relief.
However, CrediBULL Crypto stresses the larger correction may still be incomplete. The key signal is XRP/BTC: the pair is near 0.0000179 BTC, and the analyst points to a target area roughly 30% lower, with support around 0.0000124 BTC. Reaching that zone would align XRP’s downside completion against BTC and could set up a more attractive accumulation level versus the US dollar.
Looking ahead, the analyst expects XRP to eventually reach a higher-timeframe (HTF) “green demand zone” that he would consider “worth buying,” though he still views the current move as part of a natural post-rally correction from about $0.50 to above $3.60. (Market note: this is not financial advice.)
Neutral
The article presents two competing signals for XRP. Positively, XRP has already swept local range lows, which often precedes a bounce; traders could see a short-term relief rally back toward the XRP/USD range highs (around $1.66). On the negative side, the same analyst says the bigger correction is likely not finished, pointing to further downside risk via XRP/BTC—specifically a drop toward ~0.0000124 BTC. This setup implies traders may get a tactical bounce, but also face continued drawdown risk until the BTC-pair downside and the higher-timeframe “green demand zone” are reached. Similar chart-based frameworks are common in past XRP cycles: local lows can trigger fast snapbacks, yet broader trend recovery typically requires confirmation from the BTC-denominated pair and higher-timeframe demand.