In this market cycle, the price of XRP should land between $27 and $33. He believes that for the cryptocurrency, repeating the historical performance of 2017 makes these price predictions achievable.
From its current position, the price of XRP has significant room to move upward. After last year's increase, it pointed to a bullish flag created for the cryptocurrency, following a consolidation period. After this period of consolidation, experienced individuals expect XRP to show positive continuation, possibly reaching $5. For the token, this would set a new all-time high (ATH).
While the cryptocurrency expert emphasized a descending wedge pattern developing for the cryptocurrency, he stated that the price of XRP is in a positive phase. According to him, this trend shows the potential price for the altcoin.
at $3. However, the expert warned that if the wedge formation collapses downward with strong bearish candles, this formation could become worthless.
At the same time, the crypto expert noted that the price of XRP is currently in wave B of wave 2 of corrective actions. Once waves B and C in this corrective wave are completed, it is expected that the cryptocurrency will rally to its all-time high. In the long run, the expert is also confident that the altcoin will rally to reach double digits. Based on his study of Elliott Wave theory, he originally estimated that the cryptocurrency could be valued at $18.
