#XRP
Trade now . . bullish patterns โคโค๐๐โคโค๐ฏ๐ฏ๐๐๐๐โค๐ฏ
๐๐ญ๐ฅ๐๐ง๐ฉ ๐๐ง๐๐๐๐๐ฉ๐จ ๐๐๐ ๐๐ง๐๐๐ ๐๐๐ก๐ก๐ฎ ๐๐ค $32 ๐ผ๐๐ฉ๐๐ง 8 ๐๐ค๐ฃ๐ฉ๐๐จ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐๐ฉ๐ฉ๐๐ง๐ฃ
XRP price may be preparing for a major move as it completes a long consolidation phase. Experts believe this setup could trigger a rally toward $32 or more. The forecast comes amid technical patterns, increased activity on the network, and ongoing institutional developments.
A recent analysis from CrediBULL Crypto shows XRP price consolidating above its previous monthly all-time high which suggest that XRP is close to a strong upward move.
XRP price has stayed above its earlier monthly all-time high of $1.90 for over eight months. The asset broke past that level during a sharp move from $0.50 to a local high of $3.60. Since then, it has remained in a narrow trading range.
On the monthly chart, XRP shows a bullish consolidation just below the $3.60 level. Each monthly candle has closed above the $1.90 support, which was previously a major resistance. This pattern suggests buyers are active and may be preparing for the next price movement.
The Elliott Wave model by CrediBULL Crypto refers to the upward move between $0.50 and $3.60 as Wave (i). The recent sideways trend is viewed as Wave (ii) that may be followed by more forceful Wave (iii) impulse.
The most elongated aspect of the Elliott cycle usually is the wave (iii). In the case of XRP, this next leg is estimated at between $8 and $12. Subsequently, Wave (iv) can bring XRP price to $32 by 2026.
This is supported by the trend of Bitcoin as well. According to CrediBULL Crypto, Bitcoin is currently passing through Wave (iv) of its formation and a final Wave (v) price could reach as high as $200,000. XRP is usually following Bitcoin with increased volatility which could provide greater percentage upside
