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The price of XRP may be on the edge of a significant breakthrough, according to the modern analysis of the connecting wave Wave Elliott theory and the principles of Wyckoff’s reasons. After months of trade and corrective movement, the analysts indicated a critical price that could serve as a trigger point for Next XRP leg above.
XRP price prepared for a earnest reference from this level
Fresh analysis published By the cryptographic analyst “Prodigy Maps” on X (formerly Twitter) suggests that the price of XRP is After the clear Elliott wave structure It began to form after April this year. The price ended with a wave of 1 modern impulse cycle, and then WXY Correction wave 2.
The last price campaign also indicates that XRP is now entering the underwater 3 macro 5 wave, which is usually the strongest and extended wave in the cycle. A distinctive detail of the Prodigy analysis is an identified trigger level of USD 2.56.
According to the expert’s analysis, a confirmed breakthrough above this critical trigger point can signal the beginning of the speedy phase of markers, potentially driving XRP in the range from 2.9 to 3.4 USD. The meaning of this stubborn goal is supported not only by the Wave Elliott analysis, but also Wyckoff’s reasons, the goals of Fibonacci’s extension and the appearance of Bullly Divergence forming on the discrepancy of the movable average convergence (MacD).
In particular, the analyst indicates Classic Wyckoff accumulation structure Taking shape on the XRP price chart. He identified key phases, such as preliminary support (dogs), automatic rally (AR) and secondary test (ST). The structure also included the “spring” phase, and recently the last support point (LPS).
The appearance of these elements of Wyckoff suggests that XRP has completed the reaction and entered the mentioned phase of markers, in which the price tends to a parabolica. The combination of these technical indicators and chart formula ATH was.
XRP set for a two -digit target within 2 weeks
According to the modern Chart analysis By analyst Crypto Egrag Crypto, XRP can be on the edge of a historical breakthrough. By presenting a 2-week price chart, the analyst emphasizes the Macro formation, which can push XRP to two -digit territory—The 10 USD, USD 18, USD 18, and even USD 55 in the coming months.
The Egraga Crypto chart draws attention to the long -lasting Macro Channel, which XRP has been respected since 2016. Earlier breaks from similar configurations in the past were provided by the exponential profits for cryptocurrency.
The key trigger, according to the analysis, is the decisive traffic above the 21-week time frame. The same signal preceded Explosive so XRP in 2017 When it increased from less than 1 cent to the highest level of USD 3.84. In particular, the analysis emphasizes the importance of remaining in this macro channel, which indicates that as long as the lower trend line and 21 EMA It is violated, the stubborn case of XRP remains intact.
A distinguished picture from Getty Images, chart from TradingView.com
