Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto expert XForceGlobal has issued a new bullish forecast for the XRP price, predicting that the third-largest cryptocurrency is gearing up for its biggest rally yet. With the Elliott Wave Theoryas the key indicator for this move, the analyst believes that XRP could soon see a potential surge between $20 and $30 this bull cycle. XRP Price Forecasted To Rise To $27
In his video analysis postedon X social media, XForceGlobal predicted that XRP is on the cusp of an explosive breakoutto $27. The market expert began his analysis by highlighting that XRP’s volatilityhas crashed to rock bottom, marking the first time in the cryptocurrency’s history that it has reached such levels. Related Reading Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key 9 hours ago
Currently, the cryptocurrency is trading close to all-time highs and has been moving within a tight rangebetween $1.5 and $3.8 for six months. XForceGlobal calls this trade range an “unprecedented price action,” which XRP has never experienced on the macro level.
XForceGlobal also noted that XRP’s persistent range-bound trading is likely due to investors refusing to sell off their tokens. He revealed that nearly all momentum indicators are aligning in favor of a move toward new all-time highs. More importantly, signals from the Elliott Wave Theory support that XRP may be on the verge of a powerful breakout soon.
Using this theory, XForceGlobal explains that XRP is currently entering Wave 3after experiencing a five-wave move that triggered a surge from $0.37 to above $2.4, followed by a three-wave correction toward $1.5. The analyst explained that within the Elliott Wave Theory, Wave 3 is typically the strongest and longest wave. As a result, he predicts that the XRP price is likely going to hit an initial target around $16.3 soon, making it significantly more profitable than the historic December breakout, when the cryptocurrency surged from its long-held $0.5 range to above $2.
Following the completion of Wave 3, XForceGlobal predicts that XRP will possibly experience a crash toward $6 in Wave 4. After this correction, the cryptocurrency is expected to begin forming Wave 5, which is where its price is projected to skyrocket toward $27. XRP Alternative Bullish Case
During his video analysis, XForceGlobal suggested that while XRP could potentially surge to between $20 and $30 in Wave 5, this outcome isn’t guaranteed. If it does not play out, the alternative scenario involves a much longer corrective phasewithin a flat structure. This is anticipated to be followed by a potential breakout above $4 in Wave 3 before a much powerful rally into the double-digit territory. Related Reading XRP’s 30% Jump To $2.8: Analyst Says This ‘Classic Confirmation’ Must Happen First 3 days ago
He predicts that once XRP climbs above $4, it could undergo a sharp correction down to $1.56, representing wave c of the five-wave impulse move. Notably, XForceGlobal admitted that it is still challenging to determine which of the two bullish scenarios is more likely to unfold at this time. However, the analyst emphasizes that regardless of which scenario unfolds, XRP will still be aiming for the upside and retesting the $4 level. XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com