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 appears completely freaking improbable” 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 mentioned XRP’s key help held on closing bases, conserving his double-digit worth outlook intact.
XRP Targets Double-Digits
The analyst’s core declare is easy: 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 have been byproducts of pressured liquidations moderately than natural promoting.
“Finally on the excessive time frames as soon as once more it appears improbable,” he mentioned, including that XRP’s prior five-wave advance started at ~$0.49; so long as worth holds above the origin of that impulse, he views the latest selloff as a mid-cycle correction, not a cycle high. In his phrases: “This isn’t the top of the bull run for XRP… we now have a lot increased to go.”
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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 recommend 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 not too long ago flipped to help and was revered on hourly closes even throughout the crash.
The trail ahead, in his telling, splits into two equally believable tracks. Within the first, 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 whilst XRP/USD holds the next base above ~$1.90–$2.30.
Within the second, XRP stabilizes right here and rips sooner, with XRP/BTC launching immediately 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 can be a function, not a bug: “When you’re not absolutely loaded on XRP, that’s when it is best to get absolutely loaded,” he mentioned.
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 eventualities.
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 enlargement leg.
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In situation two (much less aggressive), ETH is lacking a last wave-five push to new highs simply above $5k, after which would bear 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. Both manner, he says, “sub-$2,000 Ethereum is probably going gone for the remainder of the cycle.”
Why does this matter for XRP? As a result of if ETH makes a clear run to and thru $5k first, XRP/ETH seemingly bleeds right into a deeper inexperienced demand band earlier than reversing—timing that might map to XRP/USD basing whereas the ETH leg completes. He sees that as constructive sign, not weak spot: a last dip in XRP/ETH towards higher-time-frame demand would “inform us after we could also be seeing good risk-reward alternative for lengthy trades on XRPUSD,” and the longer the bottom, “the higher the enlargement.”
Credible Crypto’s playbook for affirmation is express. 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 might time a stronger USD-denominated breakout later. On XRP/ETH, a drift to the inexperienced demand space would seemingly coincide with ETH’s last push previous $5k, after which he expects the cross to reverse arduous in XRP’s favor.
At press time, XRP traded at $2.42.
Featured picture created with DALL.E, chart from TradingView.com
