Renazzo‐type (CR) chondrites are a relatively rare group of carbonaceous chondrites with the vast majority having escaped thermal alteration. This means that CRs are composed of relatively unprocessed material, depending on the extent of aqueous alteration they have experienced. Hydration in CRs ranges from incipient alteration of matrix glass, up to nearly complete replacement of the rock by hydration products. The extent of secondary processes is often difficult to assess in these meteorites, due to their heterogeneity and diversity of alteration products. Yet, this is crucial in order to understand the extent of geological processing that occurred on the primary parent body. Additionally, the parent asteroids of CRs remain a mystery, mainly because terrestrial oxyhydroxide signatures dominate the reflectance spectra of CRs. In this work, we have conducted optical and IR reflectance and transmission spectra of 25 CR chondrites in order to (i) better evaluate the extent of aqueous alteration that occurred on the CR parent body, and (ii) find possible parent body candidates. Terrestrial oxyhydroxides were removed from 12 samples, as these tend to interfere with the optical‐IR spectra of CRs. Our results suggest, among other, that (i) aqueous alteration in most of our CRs was limited to the matrix and (ii) most CRs may stem from a continuum of X‐to‐C complex asteroids, depending on their extent of aqueous alteration. More specifically, the endmembers being Xk/Xn types and Cgh/Ch types. This has strong implication in regard to what we can expect from the Psyche mission.