XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	138,016,257,405	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

138,016,257,405

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.040	1.67%	2.44	2.44	2.44

Price Change

Price Change %

Current Price

Bid Price

Offer

0.040

1.67%

2.44

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.49	2.35	2.39	2.40	0.382490 - 2.90

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.49

2.35

2.39

2.40

0.382490 - 2.90

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:48:12	98.25	2.44	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:48:12

98.25

2.44

USD

Price x Volume	Volume	Base Symbol	Related Pairs
277,049,079.71	114,512,147.46	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

277,049,079.71

114,512,147.46

XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85

12/12/2024 12:00am

NEWSBTC

Crypto analyst Dark Defender has revealed a target to watch out for as the XRP price targets a new all-time high (ATH). The analyst made this prediction based on his wave analysis, which showed that XRP is still bullish. XRP Price To Hit New ATH At $5.85 In an X post, Dark Defender predicted that the XRP price could reach a new ATH of $5.85 based on his ABC wave analysis. The analyst stated that XRP set the ABC wave when the crypto was at Wave A. He further noted that XRP has bounced back from the $1.88 support level. Related Reading: Dogecoin Price Prediction: Here’s What The 91-Day Pattern Says Could Happen Next With this development, the analyst is confident that the XRP price rally to $5.85 has begun. The analyst recently revealed that a bull flag appeared on XRP’s weekly chart, which showed that the crypto could reach as high as $11 by early 2025. Based on his Elliot Wave theory, the analyst had also previously predicted that the XRP market top could be around $18. In the meantime, the goal is for the XRP price to surpass its current ATH of $3.80 and reach $5.85, as Dark Defender has predicted. XRP has witnessed a price correction following its parabolic rally of over 200% last month. However, the crypto looks well primed for its next leg up. From a fundamental perspective, the XRP price boasts a bullish outlook, especially following New York’s approval of the RLUSD stablecoin. Ripple’s CEO Brad Garlinghouse confirmed that exchange and partner listings are set to follow and that RLUSD will launch soon. This development caused the price to experience a significant bounce. Meanwhile, crypto analyst TheXRPguy listed the RLUSD launch as one of the events that market participants wait for before they consider selling their coins. The stablecoin launch would inject more liquidity into the XRP ecosystem, which could spark a significant surge in the XRP price. The Stars Are Aligning For XRP In an X post, crypto analyst CrediBULL Crypto said that the stars are aligning for a massive bull run for the XRP price. He made this statement while alluding to the fact that experts predict that the US Securities and Exchange Commission (SEC) could dismiss its appeal against Ripple when the new administration comes in. Related Reading: This Analyst Correctly Predicted The Bitcoin Flash Crash To $94,000, But There’s A New Target He noted that the SEC lawsuit is the last “lone cloud” lingering above the XRP community. As such, dismissing the appeal could boost investors’ confidence in the crypto, providing a bullish outlook for the XRP price. CrediBULL Crypto suggested that XRP could reach as high as $10 in this bull run while stating that there should be more than one wave of upside remaining. At the time of writing, the XRP price is trading at around $2.34, up over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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XRPUSD Ripple