XRP 5-Wave Count Shows When The Price Will Hit All-Time Highs Above $5 📈
Crypto analyst XForce has utilized a 5-Wave count to project XRP's price reaching new all-time highs above $5. The analysis suggests XRP could climb to double digits, potentially touching $13 during a Wave 3 impulsive move. The trajectory points to achieving this target by the end of the year or early next year.
According to XForce, a price correction to around $5 might occur on Wave 4 before advancing to $25 on a Wave 5 move. He remains confident, noting minimal deviation from his anticipated macro direction. The analyst emphasized the significance of the Wave 4 triangle breakout and the probable 1 to 2 pullback aligning with the 5-wave impulse.
Meanwhile, analyst CasiTrades describes XRP's consolidation as nearing an apex. An explosive breakout or sharp drop to a support level could occur, potentially leading to upward momentum. She identifies $2.25 as a key resistance, with lower levels providing momentum opportunities rather than bearish targets.
Currently, XRP's price is approximately $2.16, as per CoinMarketCap data.
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