Analyst Reveals Why The New Week Will Be ‘Dynamic’
A new XRP price forecast An encrypted analyst predicts that in the new week, the popular Altcoin will experience dynamic growth to $ 5.85. According to Elliott Wave theory and key technical indicators, the analysis outlines how XRP sees important upside afterwards Breaking the symmetrical triangle modeEssence
On January 26, Dark Defender was a famous encrypted analyst at X (previously Twitter), predict XRP price Surge new history $ 5.85. Analysts shared a chart to illustrate the Eliotto mode. The pattern consists of five waves (1 to 5), which is trending up.
XRP sales to $ 5.85
generally, Eliotto Theory A periodic price movement was proposed, where the wave 3 presented as the most powerful wave Explosive price riseEssence On the other hand, wave 4 is highlighted as a correct stage, and wave 5 represents the last one of the upward trend.
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Dark Defender revealed that the current XRP Elliott wave structure was established as early as August 2023. Wave 3 has always aimed at the highest level of $ 5.85. This price increase will be transformed into an impressive 261.8 %, which marks the dynamic change in the new week.
Once the goal of $ 5.85 is achieved, Wave 5This is the last wave of the Elliotto cycle, pointing out that the long -term target price is $ 18.22. To reach this level, it will indicate a large increase of 361.8 %, which marks the historical milestone of XRP.
In his detailed analysis, the dark defender also pointed out for a 4 hours Symmetric triangle mode On the XRP price chart. This unique technical formation is usually an important preface to price transfer. In the case of XRP, analysts predict that his breakthroughs in the next 16 to 20 hours after his analysis.
The breakthrough of the triangular model is expected to be consistent with a wider upward trend. Moreover, the green circle on the chart indicates XRP price has been re -tested The support was confirmed after the profit and loss balance of the $ 2.4 resistance level. This laid the foundation for analysts’ expected rally. Its main target is $ 5.85, and the secondary target is $ 4.55.
XRP price fell 10 % within a day
And a broader encryption market exhibition View of XRP Because this year’s performance is impressive, the popular Altcoin is currently facing a huge driving force, because it strives to break through Level of key resistanceEssence
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As of writing, the data of CoinMarketcap shows that XRP has decreased from the previous price higher than the price of $ 3 to $ 2.8. Cryptocurrencies have decreased by 10.3 % over the past 24 hours after suffering the pressure of severe losses, which led to 14 % decrease last week.
Despite this decoction performance, analysts still increased XRP, Forecast a large amount of price rally It will raise the cottage coins to a new height. A notable forecast It shows that with the passage of time, XRP may be so high and may flip Bitcoin, which is the largest cryptocurrency in the world.
Charts from adobe stock, characteristic images, tradingView.com
