XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader
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XRP price may be on the market Parabolic rally reaches a new climax $110. When analysts shared technical analysis to support this ambitious goal, Bollinger Bands creator John Bollinger announced XRP is a market leader in cryptocurrency.
Analysts forecast new XRP price target at $110
In a fairly long X (formerly Twitter) postalMarketing expert Egrag Crypto digs into his analysis of XRP prices based on his predictions Elliotbo structure. The crypto analyst confidently predicts that XRP is moving towards a new $110 ATH. This bullish target will increase by 3,974% over the current market value.
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First, Egrag Crypto outlines the five-wave structure of XRP, emphasizing that each wave can Pushing cryptocurrency to new goals. Analysts revealed that XRP is currently in 2 waves of its Elliott Wave structure and is close to 3 waves, which is expected to trigger the most explosive increase.
In the first wave, XRP’s new highs increased by 733%. However, in the current wave 2, Egrag Crypto highlights that its 2017 fractal seems to be deeper. Form with one Double bottom modeanalysts predict potential price breakdowns for cryptocurrencies.
Egrag Crypto further predicts that Wave 3 will trigger a reversal and soar the price by 1,185%. this Prices rise Effectively set the XRP price at a potential target of $22 to $24. For a more conservative target, analysts estimate the surge is about $22 to $24.
For Wave 4, Egrag Crypto predicts another major echo similar to Wave 2. However, analysts believe this time XRP may drop The price of Wave 3 is 14.6%, 23.6% or 38.2% higher. This correction will mark a 65% drop in the third wave peak, bringing the price of cryptocurrency to $8. He also highlights a worse case Bearish scenario The XRP crash costs as low as $3.40.
It is worth noting that Egrag Crypto shared Three potential bullish targets For wave 5, it is the last part of the Elliott wave structure. He predicts that Altcoin may rise between $32 and $48, 60 and $70 or $95 and $110. The analyst’s optimistic forecast is based on past cycle trends and saw a major price rally on XRP in 2017.
Bollinger Bands Creator says the asset to be a leader
In other news, famous creator Bollinger Bollinger’s technical analysis toolhave Highlight XRP questioned in his latest article whether it could play a leading role in the crypto market. Technical analysts assert that Ripple is better than other major crypto cars.
Consider it with The second second in the United States And the current regulatory challenges, Ripple continue to remain resilient, aiming to The final stage of a five-year lawsuit. Meanwhile, XRP price is currently at $2.4, with a recent increase of nearly 4% on the last day, according to CoinMarketCap.
Featured images from Adobe Stock, charts from TradingView.com
