The post XRP Price Drop: Will It Fall to $2.40 Before a Big Rebound? appeared first on Coinpedia Fintech News
XRP, the fourth-largest cryptocurrency, has dropped more than 5%, slipping below $2.75 and hitting its lowest level in a month. This sudden fall has made many traders fear a bigger crash, with some even warning of a full “capitulation.” But according to popular analyst CrediBULL Crypto, the panic may be unnecessary.
He believes that while the short-term chart looks weak, the larger trend still points to towards bullish surge.
XRP To Face Short-Term Dip to $2.40
According to CrediBULL Crypto, the chart causing panic is being misunderstood when looked at alone. Zooming out to a higher timeframe (HTF), the current price is part of a larger bullish pattern, shown in an orange circle on the chart. This shows that despite short-term ups and downs, XRP’s overall trend remains positive.
The analyst noted that XRP could dip below $2.65, its triple-low level, if Bitcoin falls under $105,000. This could push XRP toward the $2–$2.40 zone, a drop of about 10-15% from current prices.
CrediBULL Crypto stressed that this isn’t true capitulation. Short-term pullbacks like this are normal during market corrections and don’t change the long-term bullish outlook for XRP.
Long-Term Chart Signals Strong Recovery
Analyzing the chart further, CrediBULL shows that the bigger market structure remains intact. On higher timeframes, XRP is still following a bullish setup. He highlighted that XRP is likely to be one of the first coins to bounce back when the overall market recovers.
The HTF demand levels show strong support, making this dip a potential buying opportunity rather than a sign of weakness. Historically, coins that stabilize early during a pullback often rebound strongly, outperforming others when new market highs are reached.
What Next for XRP?
As of now, XRP is holding just above $2.75. The key question is whether buyers can protect the $2.60–$2.74 zone.
If this support holds, XRP could bounce back toward $2.95 and even $3.08. But if the token slips under this range, the next big test will be at $2.60. A break below that could push XRP down to $2.40, making it a deeper correction.
