Wave 2 And 5 Targets Put XRP At $7 And $13
A crypto analyst sets an ambitious target for the cryptocurrency between $7 and $13 Ripple pricewhose predictions are based on Elliott Wave Theory and Fibonacci levels. According to analysts’ price charts, Waves 2 and 5 could push XRP toward these key targets, setting new all-time highs for the cryptocurrency.
XRP Price Roadmap for New ATH
XRP price has been A fairly long consolidation trendhalting its previous price momentum after touching the $2.5 mark. Despite facing a bearish trend and falling to $2.2, TradingView’s cryptocurrency analyst “Zerpcrypto” said shared one bullish forecast For popular altcoins.
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Analysts say XRP may experience Prices rise sharply Between $7.40 and $13.50. The analyst’s bullish prediction is based on XRP’s recent price action and Elliott wave theorya technical analysis tool that identifies predictable patterns in cryptocurrency prices and helps predict market trends.
Zerpcrypto shared 2 years Ripple price chart From 2014 to present; marker wave counts from one to five for larger cycles and subwaves within those cycles. Analysts’ chart shows that XRP is currently in the middle of wave 3, which suggests that XRP is rising. potential upward move.
and Wave 2 has been completedZerpcrypto predicts that Wave 3 may trigger a strong price increase, potentially pushing XRP to $7.4. After reaching the Wave 3 target, a minor pullback is expected in Wave 4, allowing the market to consolidate before XRP finally surges higher into Wave 5. In the final wave, XRP could rise to $13.5 or even surge to $27.4.
In addition to Elliott Wave Theory, Zerpcrypto’s predictions are based on Fibonacci levels. XRP price targets are expected at $7.4 and $13.5, in line with the 4.236 and 8.618 Fibonacci extension levels respectively, reinforcing analysts’ bullish outlook.
Zerpcrypto also highlights the positives Moving Average Convergence and Divergence (MACD) For XRP, he further strengthens his confidence in the cryptocurrency with a price target of $7.4 to $13.5.
Crypto whale buys 40 million XRP
although XRP price drops To $2.25, down 13% from the past week, whales continue to accumulate large amounts of the token, viewing the price drop as a potential buying opportunity. Cryptocurrency Analyst Ali Martinez disclose In a recent X (formerly Twitter) post, whales purchased an additional 40 million XRP in the past 24 hours.
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Cryptocurrency community members have speculative that this large scale purchasing Possibly indicating that whales may be preparing for major changes in XRP. Typically, a surge in whale buying activity tends to indicate increased confidence in whales. Bullish Outlook for Cryptocurrencies.
With the price of XRP surging more than 4-fold in just two months from its previous low of $0.5 to over $2.2, analysts believe predict The rise continues as the bull market gains momentum.
Featured image created using Dall.E, chart from Tradingview.com
