Fun

XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85

News Feed - 2024-12-12 09:12:52

Este artículo también está disponible en español.


Crypto analyst Dark Defenderhas revealed a target to watch out for as the XRP price targets a new all-time high (ATH). The analyst made this prediction based on his wave analysis, which showed that XRP is still bullish.  XRP Price To Hit New ATH At $5.85


In an X post, Dark Defender predicted that the XRP price could reach a new ATH of $5.85 based on his ABC wave analysis. The analyst stated that XRP set the ABC wave when the crypto was at Wave A. He further noted that XRP has bounced back from the $1.88 support level.   Related Reading Dogecoin Price Prediction: Here’s What The 91-Day Pattern Says Could Happen Next 2 days ago Source: X


With this development, the analyst is confident that the XRP price rally to $5.85 has begun. The analyst recently revealed that a bull flagappeared on XRP’s weekly chart, which showed that the crypto could reach as high as $11 by early 2025. Based on his Elliot Wave theory, the analyst had also previously predicted that the XRP market top could be around $18. 


In the meantime, the goal is for the XRP price to surpass its current ATH of $3.80 and reach $5.85, as Dark Defender has predicted. XRP has witnessed a price correction following its parabolic rally of over 200% last month. However, the crypto looks well primed for its next leg up. 


From a fundamental perspective, the XRP price boasts a bullish outlook, especially following New York’s approvalof the RLUSD stablecoin. Ripple’s CEO Brad Garlinghouse confirmed that exchange and partner listings are set to follow and that RLUSD will launch soon. This development caused the price to experience a significant bounce. 


Meanwhile, crypto analyst TheXRPguy listedthe RLUSD launch as one of the events that market participants wait for before they consider selling their coins. The stablecoin launch would inject more liquidity into the XRP ecosystem, which could spark a significant surge in the XRP price.  The Stars Are Aligning For XRP


In an X post, crypto analyst CrediBULL Cryptosaid that the stars are aligning for a massive bull run for the XRP price. He made this statement while alluding to the fact that experts predict that the US Securities and Exchange Commission (SEC) could dismiss its appeal against Ripple when the new administration comes in.  Related Reading This Analyst Correctly Predicted The Bitcoin Flash Crash To $94,000, But There’s A New Target 1 day ago


He noted that the SEC lawsuit is the last “lone cloud” lingering above the XRP community. As such, dismissing the appeal could boost investors’ confidence in the crypto, providing a bullish outlook for the XRP price. CrediBULL Crypto suggested that XRP could reach as high as $10 in this bull runwhile stating that there should be more than one wave of upside remaining. 


At the time of writing, the XRP price is trading at around $2.34, up over 8% in the last 24 hours, according to datafrom CoinMarketCap.  Price recovers to $2.3 | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Brian Nibley4 hours agoA no-fail trade? Bitcoin traders who dollar-cost average are profitableInvestors who have dollar-cost averaged into Bitcoin over time are profitable regardless of when they began implementing the s
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam amon
Rho Markets returns online with no funds lost after $8M Oracle issue
Martin Young3 hours agoRho Markets returns online with no funds lost after $8M Oracle issueThe MEV bot responsible for profiting nearly $8 million in stablecoins returned the funds but wanted the Rho Markets team to admi
SEC Probes Binance — BNB Could Be Unregistered Security: Report
SEC Probes Binance — BNB Could Be Unregistered Security: Report The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token, which co
William Suberg13 hours agoWhat volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dipBitcoin traders get none of the volatility they hoped for, and BTC price slowly drifts back to intraday lows.2587 Total view
Miss El Salvador Features Bitcoin in Miss Universe 2023
Miss El Salvador Features Bitcoin in Miss Universe 2023 The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national c
Khamzat Chimaev ‘wasn’t involved’ with SMASH memecoin — Manager
Christopher Roark6 hours agoKhamzat Chimaev ‘wasn’t involved’ with SMASH memecoin — ManagerThe UFC fighter’s manager, Majdi Shammas, said his client did not make the decision to promote the coin and the deal on
XRP Price Growth: Analyst Breaks Down The Movements And Why It’s So
Este artículo también está disponible en español. The reason behind the stagnant XRP price growth has remained a mystery, with many crypto analysts pointing to legal disp
Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review
Jack Dorsey Muses on Social Media "Takeover," Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review Former Twitter CEO Jack Dorsey ponders Ether
Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Returns
Este artículo también está disponible en español. Crypto analyst Kevin Capitalhas suggested that the Bitcoin price may be in trouble. This follows his revelation that a b
Biggest Movers: SHIB, DOT Nearly 30% Higher, as SOL Also Surges
Biggest Movers: SHIB, DOT Nearly 30% Higher, as SOL Also Surges Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month
Crypto voters could cost Harris the US election, warns SkyBridge founder
Marco Castrovilli7 hours agoCrypto voters could cost Harris the US election, warns SkyBridge founderAccording to Anthony Scaramucci, crypto voters could swing the elections in favor of pro-crypto candidate Donald Trump.5