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Fact Check: Is XRP Price Set for a 600% Rally in Wave 3?

2025-07-08 11:26:58

Fact Check: Is XRP Price Set for a 600% Rally in Wave 3?

Main Idea

The article discusses a speculative claim that XRP could rally 600% to reach $13–$15, analyzing both supporting and counter-evidence.

Key Points

1. The claim is based on a theory by XRPunkie, suggesting XRP could mirror its past 600% rally from Nov 2024 to Jan 2025.

2. Elliott Wave theory, used to support the claim, is acknowledged but subjective and debated among analysts.

3. Technical indicators show XRP testing resistance near $2.35, with RSI nearing overbought territory.

4. Market conditions currently favor Bitcoin (64.5% dominance), with weak altcoin momentum (altcoin season index at 25/100).

5. On-chain metrics show modest accumulation but no significant demand surge, with a 76.73% 24-hour volume increase.

6. Fundamental developments include XRP Ledger's EVM-compatible sidechain, Ripple's RLUSD deal, and SEC approval for Grayscale’s XRP ETF.

7. The article concludes that while the $13–$15 target is plausible, it remains highly speculative and dependent on market conditions.

Description

The post Fact Check: Is XRP Price Set for a 600% Rally in Wave 3? appeared first on Coinpedia Fintech News A viral XRP analysis done by crypto analyst and XRP enthusiast XRPunkie hints at the possibility of XRP price recreating its 600% rally. Which is a part of a meteoric Wave 3 Elliot structure. The thesis highlights that the altcoin could zoom past its highs to target the $13-$15 range. This theory has gained the attention of the community, amidst the recent bullish developments. Seems to goo...

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Tags:
News FactCheck Price Analysis Ripple (XRP)
$XRP
$2.7350
+7.44%
$BTC
$117622.2
+1.40%

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