Analyst to XRP Holders: The End Is Near. Here’s Why
Main Idea
Crypto analyst STEPH IS CRYPTO predicts XRP is in the fifth and final wave of a bullish cycle, potentially leading to significant price gains, based on Elliott Wave Theory and current market trends.
Key Points
1. STEPH IS CRYPTO claims XRP is in the fifth wave of a bullish cycle, similar to the 2017 bull run, which could push prices to $3.80-$4.50 in the next one to two months.
2. Elliott Wave Theory suggests the fifth wave is the final upward surge before a correction, and XRP has already completed waves one through four.
3. XRP is currently trading at $3.17, recovering from a dip to $3.05, with a recent high of $3.66 on July 18.
4. Institutional catalysts, such as Ripple's legal settlement with the SEC, and bullish projections from analysts like Standard Chartered ($5.50) and Peter Brandt ($4.47), support the positive outlook.
5. Analyst Tony 'The Bull' Severino predicts a 333% rally for XRP in the next 40 days, potentially reaching $13 under ideal conditions.
Description
In a recent video clip shared on his X account, popular crypto analyst STEPH IS CRYPTO made a bold proclamation: “The end is near, and it could make you very rich.” His claim centers on XRP’s current price action, which he believes is entering the final and most explosive phase of a classic Elliott Wave pattern. According to STEPH, XRP is now in the fifth and final wave of a five-wave bullish cycle, similar to the one seen during the 2017 bull run. If history repeats itself, he argues, this last...
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