XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13

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As a seasoned crypto analyst with over a decade of experience in the financial markets, I find Zerpcrypto’s prediction for XRP to be quite intriguing. While I’ve seen my fair share of bullish and bearish forecasts, this one stands out due to its thorough analysis using both the Elliott Wave theory and Fibonacci levels.

A cryptocurrency expert has put forth a hopeful outlook for the XRP price, estimating it might range from $7 to $13. This forecast is derived from the Elliott Wave theory and Fibonacci ratios. As per his analysis, potential waves 2 and 5 could propel XRP towards these significant milestones, potentially establishing new record highs for this digital currency on its price chart.

XRP Price Roadmap To New ATHs

The price of XRP has been stuck in an extended period of consolidation, slowing down its earlier upward trajectory once it reached $2.5. Despite experiencing bearish patterns and falling to $2.2, crypto analyst ‘Zerpcrypto’ on TradingView has projected a positive outlook for the well-known altcoin.

Based on the expert’s perspective, it’s possible for XRP to see a substantial rise in value, ranging from approximately $7.4 to $13.5. This optimistic outlook is rooted in XRP’s latest price movements and the Elliott Wave Theory, a technical analysis method that highlights recurring patterns in crypto pricing and assists in predicting market fluctuations.

Zerpcrypto posted a two-year price graph of XRP, dating back to 2014, complete with wave counts ranging from one to five for significant cycles and their respective sub-waves. This analyst’s graph suggests that at the moment, XRP is in the heart of Wave 3, which could imply an upcoming rise.

Following the conclusion of Wave 2, Zerpcrypto predicts that Wave 3 might instigate a significant price increase for XRP, possibly pushing it up to around $7.4. After hitting this peak in Wave 3, a brief dip is expected during Wave 4, providing the market with an opportunity to stabilize before XRP experiences its final substantial upward thrust in Wave 5. In this final wave, there’s potential for XRP to climb as high as $13.5 and even reach $27.4 in a strong surge.

Beyond using the Elliott Wave theory, Zerpcrypto’s predictions also rely on Fibonacci ratios. The anticipated $7.4 and $13.5 price points for XRP correspond to the 4.236 and 8.618 Fibonacci extension levels respectively, thereby strengthening the analyst’s optimistic viewpoint.

According to Zerpcrypto’s analysis, the MACD for XRP is showing a favorable trend, bolstering their faith that XRP will reach its predicted price range of $7.4 to $13.5.

Crypto Whales Buy 40 Million XRP

Regardless of XRP’s decrease in value to $2.25, which represents a 13% drop over the last seven days, significant investors (whales) are still purchasing large quantities of these tokens. These investors view the price drops as chances to buy at potentially lower prices, according to crypto analyst Ali Martinez, who shared this insight in a recent tweet. In fact, it’s been reported that whales have acquired an additional 40 million XRP within the past day.

It’s been proposed within the crypto community that a big buy might indicate that major investors (whales) could be preparing for substantial changes involving XRP. Normally, an uptick in whale purchases is typically seen as a sign of heightened faith among investors regarding the positive future prospects of a cryptocurrency.

In the past two months, XRP’s value has skyrocketed more than four times from its bottom at $0.5 to exceed $2.2, leading experts to predict further growth as the bullish trend gathers speed.

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2024-12-24 19:16