Currently, XRP is trading in the green zone at a price of $2.22. Market analysts are closely monitoring the situation, as recent movements have opened up the possibility for further growth. Analyzing the 4-day chart, the analyst stated that there are two main possible scenarios for XRP's price development:
1. Yellow scenario (more likely)
According to this scenario, XRP will continue to rise and may reach a new all-time high before a serious correction occurs. This structure consists of five waves that started from the XRP low in 2013. If this happens, a price decline to $0.40–$0.50 may follow the correction, as was the case in the past.
2. White scenario (Alternative)
This scenario shows that the current bull market actually began in 2020, not in 2013. XRP may be on the last wave of a small five-wave movement. If this is the case, a small but still significant correction could follow, lasting up to a year.
Despite the uncertainty, both scenarios suggest further price increases, especially as long as XRP holds above the key support level of $1.20. If this happens, XRP could rise to $5.60 or even $6.60.
Short-term prospects
From a short-term perspective, XRP appears to be forming a five-wave upward trend from the April low. However, the pattern is not yet clear. If XRP remains above $2.12, prices may continue to rise. But if it drops below this level, we could see a correction with support in the range of $1.84 to $2.10.
https://cryptonews.net/en/news/analytics/30891437/
