XRP Price Enters Wave 3, Crypto Analyst Puts Top At $36.76

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	32,413,263,363	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

32,413,263,363

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0118	2.03%	0.5929	0.5929	0.593

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0118

2.03%

0.5929

0.593

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.6023	0.5783	0.5795	0.5811	0.382490 - 0.785000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.6023

0.5783

0.5795

0.5811

0.382490 - 0.785000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:25:35	125.50	0.5929	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:25:35

125.50

0.5929

USD

Price x Volume	Volume	Base Symbol	Related Pairs
30,682,697.55	51,823,533.98	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

30,682,697.55

51,823,533.98

XRP Price Enters Wave 3, Crypto Analyst Puts Top At $36.76

10/08/2024 5:00pm

NEWSBTC

Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed. Related Reading: Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here’s When XRP Could Rise To As High As $18 On Its Next Leg Up Dark Defender revealed in an X (formerly Twitter) post that XRP is now in wave three based on the chart structure he shared, with the crypto token targeting $1.88, $5.85, and $18.22 on this bullish wave. The chart also showed that XRP could reach this price target of $18.22 at the beginning of next year when wave three is set to be completed. Wave 4, a corrective move, could see XRP drop to as low as $9 from the projected price of $18.22. However, the crypto token will enjoy a bullish move on wave five, with Dark Defender predicting that XRP will top at $36.76 when that time comes. XRP holders might have to wait a while for such a parabolic rally, as the chart shows that this move won’t happen until 2026. Meanwhile, Dark Defender also provided insights into what to expect from XRP’s price in the short term. He stated that market participants can “quickly expect” the crypto token to hit $1.03 once it achieves a successful breakout above $0.66. Crypto analyst RLinda also mentioned that a breakout above the $0.6 range would open a “new path” for XRP. Dark Defender added that XRP staying above 1.03 “represents an extreme Bullish Zone above the Ichimoku Clouds on the monthly time frame.” The analyst also highlighted the Moving Average Convergence/Divergence (MACD) monthly indicator, which he noted had turned bullish for the coin. External Decisions Do Not Drive XRP’s Price Dark Defender made a bold claim, stating that XRP’s price is driven not by external decisions but by its pattern. He made this statement while addressing why the recent conclusion of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple didn’t impact the token’s price. Despite Dark Defender’s claim, it is worth mentioning that XRP rose by over 18% to $0.6 following Judge Analisa Torres’ ruling, which ended the case between the SEC and Ripple. However, it has cooled off since then, with this price action looking to have fallen short of the expectations of many holders. Before now, the lawsuit’s conclusion was projected as one of the catalysts that could easily send the altcoin above $1. Related Reading: Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000 XRP holders might just have to be patient. Crypto analysts like CrediBULL Crypto are confident that the conclusion of the case between the SEC and Ripple has paved the way for XRP to reach a new all-time high (ATH) in this bull run. Featured image from Pexels, chart from TradingView

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

XRPUSD Ripple