Analyst Makes Bullish Projection As XRP Enters Final Wave
Main Idea
Analyst Xoom predicts XRP is entering the final wave (Wave 5) of its Elliott Wave cycle, projecting a price target of $7-$10, representing a 320%-500% increase from current levels.
Key Points
1. XRP is currently in Wave 5 of a five-wave Elliott Wave structure, not Wave 3 as some analysts claim.
2. Wave 3 occurred earlier, with XRP surging from $0.50 to $3.39 (575% increase) between November 2024 and January 2025.
3. Wave 5 is expected to push XRP to $7-$10, a 320%-500% gain from its current price of $3.04.
4. Wave 5 is typically shorter and less powerful than Wave 3, which was the longest and strongest phase.
5. The analysis suggests XRP's strongest upward phase (Wave 3) has already occurred, but Wave 5 still offers significant upside potential.
Description
After a period of relative stability, XRP appears to be entering a decisive phase in its market cycle. According to Xoom (@Mr_Xoom), a crypto expert and head of marketing at XRPMarkets, the token is currently moving through the final phase of a classic five-wave Elliott Wave structure. Xoom’s recent analysis provides a detailed view of XRP’s trajectory, disputing some recent claims about the asset’s wave positioning. I’ve seen a few people on X talk about how XRP is on wave 3, that’s simply not ...
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