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

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	129,531,651,417	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

129,531,651,417

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.040	-1.72%	2.28	2.28	2.28

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.040

-1.72%

2.28

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.33	2.26	2.31	2.32	0.382490 - 2.90

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.33

2.26

2.31

2.32

0.382490 - 2.90

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:16:28	1.14	2.28	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:16:28

1.14

2.28

USD

Price x Volume	Volume	Base Symbol	Related Pairs
116,775,639.07	50,962,185.73	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

116,775,639.07

50,962,185.73

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

24/12/2024 4:00pm

NEWSBTC

A crypto analyst has set an ambitious target between $7 and $13 for the XRP price, basing his predictions on the Elliott Wave theory and Fibonacci levels. According to the analyst’s price chart, Wave 2 and 5 could push XRP to these key targets, marking new all-time highs for the cryptocurrency. XRP Price Roadmap To New ATHs The XRP price has been on a rather lengthy consolidation trend, halting its previous price momentum after hitting the $2.5 mark. Despite facing bearish trends and a drop to $2.2, a crypto analyst on TradingView, ‘Zerpcrypto,’ has shared a bullish forecast for the popular altcoin. Related Reading: Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter? According to the analyst, XRP could experience a significant price increase between $7.4 to $13.5. The analyst based his bullish projections on XRP’s recent price action and the Elliott Wave theory, a technical analysis tool that identifies predictable patterns in crypto prices and helps forecast market trends. Zerpcrypto shared a 2-year XRP price chart from 2014 to the present; labeling wave counts from one to five for the larger cycles and sub-waves within these cycles. The analyst’s chart indicates that XRP is currently in the middle of Wave 3, signaling a potential upward move. With Wave 2 already complete, Zerpcrypto anticipates that Wave 3 could trigger a strong price rally, potentially propelling XRP to $7.4. After reaching the Wave 3 target, a minor pullback is expected in Wave 4, allowing the market to consolidate before XRP’s final big push upward into Wave 5. In this last wave, XRP could rise to $13.5 and potentially even surge as high as $27.4. In addition to the Elliott Wave theory, Zerpcrypto‘s predictions are grounded in Fibonacci levels. The projected $7.4 and $13.5 XRP price targets align with the 4.236 and 8.618 Fibonacci extension levels respectively, reinforcing the analyst’s bullish outlook. Zerpcrypto has also spotlighted a positive Moving Average Convergence Divergence (MACD) for XRP, further strengthening his confidence in the cryptocurrency’s projected $7.4 to $13.5 price target. Crypto Whales Buy 40 Million XRP Despite XRP’s price drop to $2.25, a 13% decline over the past week, whales continue accumulating large amounts of tokens, viewing the price dips as a potential buying opportunity. Crypto analyst Ali Martinez revealed in a recent X (former Twitter) post that whales have bought another 40 million XRP in the last 24 hours. Related Reading: XRP Price On Its Way To $10 In Only 3 Months If It Follows This Pattern A crypto community member has speculated that this large-scale purchase could signal that whales may be positioning themselves for significant change in XRP. Typically, a surge in whale buying activity often suggests increased confidence in the bullish outlook of a cryptocurrency. With XRP’s price surging over 4X from its previous low of $0.5 to surpass $2.2 in just two months, analysts are forecasting continued gains as the bull market gains momentum. Featured image created with Dall.E, chart from Tradingview.com

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XRPUSD Ripple