Forget The Dip! XRP Primed For Epic Rally To $36, Expert Claims


The
price
of
XRP,
the
native
token
of
RippleNet,
has
been
caught
in
the
crosshairs
of
a
bearish
crypto
market.
Currently
trading
below
the
crucial
$0.50
mark,

XRP
seems
to
be
following
the
broader
market
trend.
However,
a
recent
analysis
by
market
analyst
Tylie
Eric
throws
a
glimmer
of
hope
for
XRP
holders,
predicting
a
potential
price
surge
based
on
a
technical
indicator.I
think
XRP
has
ticked
all
the
boxes
and
held
all
requirements
to
continue
with
wave
3
of
wave
5,
Same
way
it
did
in
2017!

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Tylie
E
(@TylieEric)

June
20,
2024

Eric
cites
the
example
of
early
2017,
where
the
completion
of
the
fifth
wave
triggered
a
surge
that
propelled
XRP
to
a
high
of
$0.39,
a
staggering
7,700%
increase.
This
upswing
was
followed
by
a
brief
consolidation
period
before
another
decisive
rally
to
$3.30.


A
Potential
Fifth
Wave?

Building
on
this
historical
precedent,
Eric
believes
XRP
is
nearing
the
conclusion
of
another
five-wave
structure
that
began
its
formation
after
the
2017
price
drop.
His
analysis
suggests
that
all
four
preceding
waves
have
unfolded
over
the
past
six
years,
paving
the
way
for
a
potential
fifth
wave
that
could
mirror
the
dramatic
rise
witnessed
in
2017.

XRP
is
currently
trading
at
$0.48.
Chart:

TradingView

Eric’s
audacious
prediction
hinges
on
the
assumption
that
the
fifth
wave
will
again
translate
to
a
substantial
price
increase.
His
chart
projects
a
potential
upsurge
of
a
staggering
7,630%,
which
would
propel
XRP
to
a
price
target
of
a
phenomenal
$36.
This
prediction
aligns
with
forecasts
from
other
analysts
like
CryptoInsightUK,
who
projected
an
XRP
price
surge
to
$34
last
September.


Related
Reading


Long
Way
Ahead

Eric’s
prediction
hinges
on
the
completion
of
the
Elliott
Wave
structure,
a
technical
theory
that
remains
a
subject
of
debate
among
financial
experts.
Furthermore,
the
$36
price
target
appears
highly
ambitious.
It’s
important
to
remember
that
achieving
such
a
price
point
would
require
XRP
to
surpass
the
current
market
capitalization
of
all
cryptocurrencies
combined.

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Featured
image
from
Getty
Images,
chart
from
TradingView

Go to Source
Author: Christian Encila


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