Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst XForce has predicted that the XRP price could rallyto $10 on a wave 3 impulsive move to the upside. The analyst also indicated that the bottom was in for XRP even as the crypto market remains in a downtrend. XRP Price Headed To $10 On Wave 3 Move
In an X post, XForce told XRP holders to get ready for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are minor market inefficiencies in the local timeframes for the XRP price. However, the analyst added that the macro chart shows clear accumulation and a solid price floor after almost a year of distribution. Related Reading Why This Analyst Is More Bullish On XRP Over Ethereum For The Short-Term 2 days ago
Crypto analyst CasiTrades had also predictedthat the XRP price could rally to as high as $10 on the wave 3 move. However, she predicted that XRP would crash to as low as $1.4 first to complete the macro wave 2 correction, which had begun around the largest liquidation event on October 10. Source: Chart from XForce on X
XForce indicated that this projected crash to $1.4 for the XRP price was unlikely to happen. The analyst opined that the major low was in and alluded to the macro chart, which showed that the low had been broken, but XRP bounced hard from it. He added that XRP could stay in this current range for more distributionbefore the next leg up, but believes that predictions about a further downtrend are all “noise.”
The XRP price has continued to range between $2.4 and $2.6 as the market recovers from the October 10 crash, which saw XRP drop to as low as $0.77 on Binance. Meanwhile, it also dropped below the psychological $2 level on other exchanges. One Final Drop For XRP
Crypto analyst CasiTrades doubled downon her prediction that the XRP price would witness one final crash before a rally to the upside. She noted that the altcoin is reacting exactly as expected, having rejected the Wave 4 resistance near $2.68. She added that the price is now turning bearish and the RSI is making a new low, which is starting to confirm that Wave 5 down is underway. Related Reading Crypto Analyst Maps Out The XRP Price Roadmap From $3 To $27 1 week ago
CasiTrades stated that breaking below $2.42would confirm continuation toward the lower targets at $2.03 and $1.65. These two lower levels are said to have alignment with the Wave 5 extension. The analyst again indicated that the XRP price could drop to at least $1.65, which she noted is the macro .618 retracement.
CasiTrades opined that this projected crash should complete the final wave of the correction before a massive wave 3 impulseto the upside. She added that once the bottom forms, the next impulse should be “fast and obvious,” with the XRP price cutting through resistance on the way to new highs.
At the time of writing, the XRP price is trading at around $2.48, down in the last 24 hours, according to datafrom CoinMarketCap. XRP trading at $2.47 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com