Is XRP Set for a Major Rally? Analyst Targets $12

Crypto analyst XRPunkie predicts a massive XRP rally, citing Elliott Wave Theory. XRP may have completed its corrective phase and entered a bullish “Wave 3,” reminiscent of its 2024 surge from $0.60 to over $3. Currently above $2.20, XRP could skyrocket 600% to $12 if momentum builds.

However, low trading volume under $10 billion compared to $78 billion in November 2024 raises concerns. A surge in buying is needed to fuel the rally. Still, with clearer regulations and rising institutional interest, XRP could rally with the right trigger, like ETF approval (85% likely in 2025).

Analysts like CrediBULL Crypto also see $12 short-term, with $32 possible by 2026. But risks remain, as some warn of a 50% drop if support fails. Watch volume and $2.20 for clues.

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