Analyst Who Correctly Called The XRP Price Jump From $1.4 To $2.8 Reveals The Rest Of The Prediction

The cryptocurrency analyst who accurately predicted the price of XRP to rise to the $2.8 level has made another bold prediction for the cryptocurrency. The analyst recently shared a technique XRP analysis based on Elliott Wave TheoryTo identify price wave patterns and their implications on the future trajectory of the cryptocurrency in the medium to long term.

The analyst accurately predicts the price of XRP to rise above $2.8

The price of XRP has reached Big shift in prices In recent weeks, the broader cryptocurrency community has been shocked as it continues this strong upward momentum. Cryptocurrency Analyst from TradingView Behdark open He initially analyzed XRP at $1.4 before forecasting it would rise between a target of $2.7 and $4.2.

The analyst revealed that since this latest analysis,… XRP price It rose more than 105%, reaching key areas and confirming its forecast of more than $2.7. Data from CoinMarketCap revealed that the price of XRP is currently trading at $2.71, representing a 12.6% increase over the past 24 hours.

Behdark emphasized that the price of XRP may form a “flowing triangle,” which is a consolidation pattern consisting of the five waves of the wave. Elliot wave theory: A, B, C, D and E. Sharing a detailed XRP price chart, the TradingView analyst revealed that the cryptocurrency is currently in wave D, which is already nearing completion. This wave indicates that the price of XRP may be approaching a level Resistance levelAs shown by the red area on the chart.

The analyst revealed that XRP’s Wave D is targeting New all-time highWhich indicates the possibility of the cryptocurrency briefly rising above critical resistance levels. He pointed out that after this sharp but short increase in prices occurred, XRP is expected to correct lower And officially entering wave E.

After Behdark’s analysis, it appears that wave E may be the last Consolidation stage From the running triangle. The analyst expects a significant price rally above $15 once the triangle pattern is completed. He revealed that wave E indicates a strong upward movement for XRP which will likely allow the cryptocurrency to reach all-time highs in this bull cycle.

XRP price is looking at a massive rise to $30

After accurate forecasting XRP rises above $2.8Behdark continued his technical analysis, also predicting that the cryptocurrency could rise near the $30 target price. Based on the price chart, the analyst suggests three possibilities Long-term goals for XRP price.

First, the XRP price prediction of $30 is a long-term goal that the analyst believes the cryptocurrency can achieve by 2026. Behdark predicted the future path of XRP, predicting that it will rise to the major resistance area at $3.1 by 2025 and then break out. It crossed this level to settle between $5.5 and $6.5.

By 2026, XRP is expected to see a deep correction back to the $3.1 resistance zone before rising significantly again to three major targets: $8-$9, $14-$17, and $25-$30.

Featured image created with Dall.E, chart from Tradingview.com