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XRP price has been combined For a long time after the previous gathering. However, the encryption analyst warns that the cryptocurrency may face a Flash In April, it is possible that its price will lead to its lowest level. Nevertheless, the analyst predicted that the shrinkage would be short -term, and it is expected to recover shortly after.
Share Metashackle, Tradingvief Curvement Analyst, Settled Elliot wave analysis From XRP price movements. The analyst also used technical levels such as fair value gaps (FVGS), liquidity areas, and trend lines to determine Next XRP work.
XRP is a wrong price before the flash crash
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The XRP price scheme follows an advanced style of 6 waves, with the outbreak of a possible seventh wave. XRP is currently in the 4 -round wave. While the waves represent 1 to 3 strong upward step, the wave 4 led to a Great correction of the XRP price. If the wave 4 is completed, the price of the cryptocurrency may push up to the 5 -wave, as it reaches $ 2.80 – 3.00 dollars, where the FVG is waiting. This step will create a false outbreak, as liquidity comes out over the last altitudes.
After the expected wrong penetration, XRP is expected to test a flash in the 6th wave by April 2025. This flash accident is likely to be higher than the lower white trend line after breaking the upper trend line and targeting the green target area between $ 1.6 and $ 1.4 highlighted by the plan.
Flash malfunction in April is a theoretical step in which the XRP price is sharply before a real outbreak. This penetration is expected to start in the 7 wave, which leads to a Discover the price For XRP and reaching a potential goal of $ 3.00 before height up to the highest levels above $ 3.6.
It is worth noting that the analyst is expected to start the 7 wave in May 2025. It is expected that the collapse will come out $ 3.84 record price In 2018.
Update on price analysis
The XRP price is now trading at $ 2.44 after an increase of 4.56 % last week. Despite a A sharp price collapse Through a height of $ 3.00 earlier this year, the cryptocurrency remains flexible, and analysts closely see its next step.
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It is worth noting that analysts are still taking a position up to XRP Price OutlookPredicting a possible collapse in the short term. Market expert X (formerly on Twitter), which was determined as “Steph Is Crypto”. Expectations The original may rise to $ 3.4 soon, which represents a 39.34 % jump from the market price.
Distinctive image from Adobe Stock, Chart from TradingView.com
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