XRP Poised for Major Rally, Analyst Predicts
XRP Following Elliott Wave Structure
Crypto analyst EGRAG suggests that XRP is tracking a five-wave Elliott Wave pattern, similar to its 2017 price action. Currently, the asset is in Wave 2, a correction phase that typically precedes a strong rally.
Potential Breakout to $13
EGRAG highlights a cup pattern forming, which he calls the “just do it” structure, resembling the Nike swoosh. This setup could push XRP toward $13 in the near term.
Wave 3 Could Trigger Massive Gains
If XRP follows standard Elliott Wave extension rules, Wave 3 could lead to a 1,185% surge, pushing prices to $22–$24. After this, a Wave 4 correction might drop XRP to around $8.
Long-Term Targets Reach $100
Wave 5 projections vary, with price targets ranging from $32–$48 to as high as $100 if the pattern holds. These estimates align with XRP’s 2017 fractal, where similar movements led to a massive bull run.
Current Market Status
XRP is trading at $2.23, up 3.5% in the past 24 hours.
