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

A crypto analyst who accurately predicted the XRP price jump to the $2.8 milestone has made one other daring prediction for the cryptocurrency. The analyst recently shared a technical evaluation of XRP based on the Elliott Wave Theory, identifying price wave patterns and their implications on the cryptocurrency’s future trajectory within the mid-to-long term.

Analyst Accurately Projects XRP Price Rally Above $2.8

The XRP price has had a major price turnaround up to now weeks, shocking the broader crypto community because it continues on this strong bullish momentum. TradingView crypto analyst Behdark revealed that he had initially analyzed XRP at $1.4 before projecting its rise between the $2.7 and $4.2 targets.

The analyst disclosed that since this last evaluation, the price of XRP has skyrocketed by over 105%, reaching key zones and confirming his above $2.7 projection. Data from CoinMarketCap revealed that the XRP price is currently trading at $2.71, marking a 12.6% increase within the last 24 hours.

Behdark has emphasized that the XRP price could also be forming a “Running Triangle,” a consolidation pattern made up of the five waves of the Elliott Wave Theory: A, B, C, D, and E. Sharing an in depth XRP price chart, the TradingView analyst disclosed that the cryptocurrency was currently in Wave D, which is already nearing completion. This wave suggests that the XRP price could also be getting closer to a resistance level, as indicated by the red zone on the chart.

Source: X

The analyst revealed that XRP’s Wave D is targeting a latest all-time high, signaling a possible for the cryptocurrency to briefly spike above critical resistance levels. He noted that after this sharp but transient price increase occurs, XRP is predicted to correct downwards and officially enter wave E.

Following Behdark’s evaluation, it seems that wave E will be the final consolidation phase of the Running Triangle. The analyst projects a significant price rally above $15 once the triangle pattern completes. He disclosed that wave E indicates a robust bullish move for XRP that might potentially allow the cryptocurrency to hit latest all-time highs this bull cycle.

XRP Price Eyes Massive Surge To $30

After accurately predicting XRP’s surge above $2.8, Behdark continued his technical evaluation, further projecting that the cryptocurrency could surge near the $30 price goal. Based on his price chart, the analyst points to a few potential long-term targets for the XRP price.

Firstly, the $30 price projection for XRP is a long-term goal that the analyst believes the cryptocurrency can achieve by 2026. Behdark forecasted the longer term trajectory of XRP, predicting that it could surge to the important thing resistance zone at $3.1 by 2025 after which break past this level to settle between $5.5 and $6.5.

By 2026, XRP is projected to experience a deep correction back to the resistance zone at $3.1 before skyrocketing massively again to a few principal targets: $8 – $9, $14 – $17, and $25 – $30.