Analyst
Who Correctly Called The XRP
Price Jump From $1.4
To $2.8 Reveals The
Rest Of The
Prediction
Analyst Who Correctly Called The XRP Price Jump From $1.4 To $2.8 Reveals The
Rest Of The Prediction
by Scott Matherson
2 minutes ago
in Altcoin News
0
A crypto analyst who accurately predicted the XRP price jump to the $2.8
milestone has made another bold prediction for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. The analyst
recently shared a technical analysis of XRP based on the Elliott Wave Theory ,
identifying price wave patterns and their implications on the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s future trajectory in the mid-to-long term.
Analyst Accurately Projects XRP Price Rally Above $2.8
The XRP price has had a major price turnaround in the past weeks, shocking the
broader crypto community as it continues on this strong bullish momentum.
TradingView crypto analyst Behdark revealed that he had initially analyzed XRP
at $1.4 before projecting its rise between the $2.7 and $4.2 targets.
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Bullish Pennant, Why A 200% Rally Is Possible
The analyst disclosed that since this last analysis, the price of XRP has
skyrocketed by over 105%, reaching key zones and confirming his above $2.7
projection. Data from CoinMarketCap revealed that the XRP price is currently
trading at $2.71, marking a 12.6% increase in the last 24 hours.
Behdark has emphasized that the XRP price may be forming a “Running Triangle,”
a consolidation pattern made up of the five waves of the Elliott Wave Theory :
A, B, C, D, and E. Sharing a detailed XRP price chart, the TradingView analyst
disclosed that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта was currently in Wave D, which is already
nearing completion. This wave suggests that the XRP price may be getting
closer to a resistance level , as indicated by the red zone on the chart.
Source: X
The analyst revealed that XRP’s Wave D is targeting a new all-time high ,
signaling a potential for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to briefly spike above critical
resistance levels. He noted that after this sharp but brief price increase
occurs, XRP is expected to correct downwards and officially enter wave E.
Following Behdark’s analysis, it appears that wave E may be the final
consolidation phase of the Running Triangle. The analyst projects a major
price rally above $15 once the triangle pattern completes. He disclosed that
wave E indicates a strong bullish move for XRP that could potentially allow
the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to hit new all-time highs this bull cycle.
XRP Price Eyes Massive Surge To $30
After accurately predicting XRP’s surge above $2.8 , Behdark continued his
technical analysis, further projecting that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта could surge
close to the $30 price target. Based on his price chart, the analyst points to
three potential long-term targets for the XRP price .
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Market Dominance Slows Down – Is Altcoin Season Here
Already?
Source: X
Firstly, the $30 price projection for XRP is a long-term target that the
analyst believes the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта can achieve by 2026. Behdark forecasted
the future trajectory of XRP, predicting that it would surge to the key
resistance zone at $3.1 by 2025 and then break past this level to settle
between $5.5 and $6.5.
By 2026, XRP is projected to experience a deep correction back to the
resistance zone at $3.1 before skyrocketing massively again to three main
targets: $8 $9, $14 $17, and $25 $30. Bears push down
price to $2.5 | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
