XRP Final Wave Higher Has Started: Analyst Sets $15 Target and Timeline
Main Idea
Crypto analyst STEPH IS CRYPTO predicts XRP is entering its final upward wave (Wave 5), projecting a price target of $15-$23 by mid-to-late 2025 based on Elliott Wave analysis.
Key Points
1. Analyst STEPH IS CRYPTO identifies XRP's current phase as Wave 5 in a classic Elliott Wave pattern, signaling a sharp upward move.
2. The projected price range for Wave 5 is $15-$23, a significant increase from XRP's current price of around $3.80.
3. The analysis is based on a weekly XRP/USD chart spanning 57 weeks (399 days) on Bitstamp.
4. XRP recently bottomed at $1.70 before the upward move labeled as the start of Wave 5, with the price now in the $3.50-$4.00 range.
5. The tweet announcement emphasizes the start of the 'final wave higher' for XRP, suggesting a pivotal market phase.
Description
Crypto analyst STEPH IS CRYPTO has shared a technical projection for XRP, indicating that it’s entering the final phase of a five-wave Elliott Wave structure. In the chart shared on X, the analyst identifies what appears to be the completion of Wave 4 and the beginning of Wave 5. The chart is structured on a weekly timeframe for the XRP/USD trading pair on Bitstamp, encompassing a period of 57 bars or 399 days. The pattern displayed adheres to a classic Elliott Wave format, with Wave 1 initiatin...
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