#XRPETF
A prominent Korean expert in Elliott waves predicts that the price of Ripple will range between $10 and $40 in the coming months, reflecting potential gains of up to 1726% from current market levels.
XForceGlobal, the first certified Elliott wave analyst in Korea, believes that the cryptocurrency has entered the phase of completing a corrective cycle and is now poised for a strong breakout in an upward wave.
The technical pattern indicates the end of the downward trend.
XRP has completed what technical analysts refer to as the "WXY corrective pattern" according to XForceGlobal. This technical pattern has often signaled the end of a retracement period.
The analyst stated that wave W was the initial market response to profit-taking after XRP's price surged sixfold. Wave X temporarily regained its upward trend with little momentum before wave Y completed the correction with another organized downward path.
The cryptocurrency has dropped nearly 50% from its peak in January 2025 at $3.33 to a low of $1.638. However, it has since recovered by 34% to trade at $2.20 at the time of this report.
