Is XRP ready to explode and reach $10 or will it stay on the sidelines? 🚀🤔
My dear people! Get ready because things are heating up with XRP! 🔥 One super attentive analyst released a forecast that has all of us wide-eyed. He says that XRP could soar to $9 or $10 in the next Elliott wave! Imagine that! 🤯
But what's the buzz? The key, my friends, is in the famous "Gaussian channel." Right now, XRP is dancing outside this channel on the weekly chart, close to $1.75, and this is a very good sign, like a green light for the bulls! 🐂 If it stays there, bullish consolidation will continue. Pure fire! 🔥
But, attention! 🚨 EGRAG warns us that we need to keep this in mind: if XRP falls and closes in this Gaussian channel, the situation will turn bad. It's like getting stuck in a quagmire, and goodbye, bullish momentum. We could find ourselves in a sideways movement that will bore us to the bone! 😴 The person says that if XRP doesn't start rising in July, then that consolidation pattern we saw in 2017 could fall apart, and then the price could get stuck between 70 and 110 days. An eternal wait! 🕰️
Now let's talk about the 21-week EMA, which is like a battleground for bulls and bears. If XRP closes below this level, alarm! 🚨 This is a bearish sign. But if it closes a full weekly candle above, hold on! This means that bullish momentum is strong, like a train without brakes! 🚂
EGRAG gives us key numbers to watch out for: $2.33 is the resistance that needs to be broken, but the real "GO/GO" 🟢 is when it exceeds $2.65! If that happens, buckle up because the next bullish phase of XRP will be explosive! 🚀
And for those who love theory, Elliott wave analysis tells us that wave 5 (which is coming) could give us an explosion. It is expected to reach from 1.236 to 1.618 times the length of wave 4! And if we add 61.8% of waves 1 and 3 combined, this is where XRP could shoot up to the range of $9 to $10! Pure madness! 🤑
So, my dear investors, the situation is as follows:
Above $1.75: Bullish trend consolidation is strong! 🎉
Below $1.75: Risk of a neutral phase that will put us to sleep! 💤
Above $2.65: Green light for a macro surge! 🚀
XRP is at a critical moment. If it maintains these key levels, we could see historic growth. But we need to be more than careful! As EGRAG says: "Be attentive to these critical levels! The future looks promising if we remain resilient." 💪 Let's see what fate has in store for us with this $XRP 😉