Analyst to XRP Holders: Expect 600% XRP Price Rally. Here’s why
2025-07-09 11:28:47
Main Idea
An analyst predicts a potential 600% rally for XRP, citing technical analysis and Elliott Wave Theory, with near-term targets of $13-$15 and long-term targets of $26-$33.
Key Points
1. Analyst XRPunkie highlights a previous 600% surge in XRP's price over 73 days and suggests the next upward move could exceed this performance.
2. Based on Elliott Wave Theory, XRPunkie believes the next major rally (Wave 3) could push XRP to $13-$15, with potential for even higher gains.
3. XRPunkie maintains long-term price targets of $26-$33 but plans to take profits at the $13-$15 range due to expected resistance.
4. At the time of analysis, XRP was trading around $2.27, with technical indicators like the 21 EMA and 33 SMA supporting a bullish outlook.
5. The analysis is grounded in prior market behavior and technical patterns, though it is not presented as financial advice.
Description
Technical analyst XRPunkie shared his outlook on XRP’s price potential in a recent post, referencing historical performance and applying wave theory to project possible future movements. His analysis included a chart showing XRP’s daily price action on Coinbase (XRP/USD), which highlighted previous gains, current consolidation, and Fibonacci extension levels. According to XRPunkie, XRP demonstrated a notable surge of approximately 600% over 73 days between November and January, as shown on his c...
Latest News
- Software Engineer Says XRP Is Rising, but Be Cautious of This Red Flag2025-07-09 17:05:11
- Analyst Says XRP Has Confirmed Breakout, Sets Price Target2025-07-09 16:22:12
- Ripple CEO Live at U.S. Senate: “XRP Is Not in Itself a Security”2025-07-09 16:00:27
- Over 120 Million Cardano (ADA) in Two Weeks. Here’s What Happened2025-07-09 15:47:20
- Popular Technologist Is Working on Something for XRP Army2025-07-09 14:34:59