Ripple’s Strategic Reserve Plans Ignite XRP Bulls’ $6 Breakout Hopes as Social Buzz Explodes
Main Idea
XRP has rebounded to $3.01, with analysts suggesting it may be in Wave 4 consolidation of the Elliott Wave cycle, potentially setting up for a bullish Wave 5 surge to $6.
Key Points
1. XRP has rebounded from a low of $2.92 to $3.01, signaling renewed bullish momentum.
2. Market analyst DavidTheBuilder indicates XRP may be in Wave 4 consolidation of the Elliott Wave cycle, with a key zone to hold above $3.07–$3.03.
3. Wave 4 is typically shallow and complex, following a strong Wave 3 rally that pushed XRP to a new all-time high of $3.65.
4. If Wave 5 materializes, a top analyst predicts XRP could surge to $6, supported by wallet growth and social buzz.
5. Ripple's strategic reserve plans are also fueling bullish sentiment among XRP investors.
Description
XRP has rebounded from a low of $2.92, reclaiming the key $3 psychological level and now trading at $3.01, signaling renewed bullish momentum. According to market analyst DavidTheBuilder, XRP may be entering the corrective or consolidating Wave 4 of the Elliott Wave cycle. He pointed out, “I’ve been tracking XRP’s wave structure closely, and based
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