$XRP Chart Promising $30 Price for Holders
The chart uses a 1-month candlestick setup to smooth out price noise and highlight broader trends. Overlaid on the chart is an Elliott Wave structure suggesting XRP is approaching its fifth and final wave in a long-term bullish cycle.
Notably, the chart incorporates XRP’s monthly candlesticks dating back to 2014. It highlights that after the 2014 market bottom, XRP entered a bullish Wave 1, which concluded with a corrective Wave 2 in early 2017.
From there, Wave 3 began, pushing XRP from around $0.005 to over $3 by early 2018. This move marked the completion of Wave 3 and ushered in Wave 4, a long corrective phase.
Since then, XRP has struggled to reclaim previous highs, consolidating throughout Wave 4. However, the chart suggests this correction ended in early 2023, laying the foundation for the emergence of Wave 5, which is now forming.
During this ongoing fifth wave, XRP has again approached the $3 mark, hitting a local high of $3.34 before retracing. Despite short-term fluctuations, the broader trend remains bullish, according to the chart, with Wave 5 still unfolding.
The chart uses a 1-month candlestick setup to smooth out price noise and highlight broader trends. Overlaid on the chart is an Elliott Wave structure suggesting XRP is approaching its fifth and final wave in a long-term bullish cycle.
Notably, the chart incorporates XRP’s monthly candlesticks dating back to 2014. It highlights that after the 2014 market bottom, XRP entered a bullish Wave 1, which concluded with a corrective Wave 2 in early 2017.
From there, Wave 3 began, pushing XRP from around $0.005 to over $3 by early 2018. This move marked the completion of Wave 3 and ushered in Wave 4, a long corrective phase.
Since then, XRP has struggled to reclaim previous highs, consolidating throughout Wave 4. However, the chart suggests this correction ended in early 2023, laying the foundation for the emergence of Wave 5, which is now forming.
During this ongoing fifth wave, XRP has again approached the $3 mark, hitting a local high of $3.34 before retracing. Despite short-term fluctuations, the broader trend remains bullish, according to the chart, with Wave 5 still unfolding.
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XRP
2.3733
+0.13%