Modern XRP price forecast He appeared, and the cryptographic analyst predicts that the popular Altcoin will be active up to USD 5.85 in the modern week. Based on the theory of Elliott wave and key technical indicators, the analysis shows how XRP can see a significant position Breaking the symmetrical pattern of the triangle.

January 26 Obscure Defender, an outstanding cryptographic analyst at X (previously Twitter), forecasted price XRP Move into the modern all time $ 5.85. The analyst made available a chart illustrating the Elliott wave pattern consisting of five waves (1 to 5) in trend up

XRP to break $ 5.85

Usually Wave Elliott theory It suggests a cyclical price movement in which Wave 3 is presented as the strongest wave with the most Raise in explosion prices. On the other hand, Wave 4 is highlighted as a correction phase, while Wave 5 represents the last stage of the upward trend.

Obscure Defender revealed that the current wave structure XRP Elliott was established as early as August 2023, where Wave 3 consistently at a high level of USD 5.85. This augment in prices will translate into an impressive augment in 261.8%, which means a active change in the modern week.

After reaching the goal of 5.85 USD, Wave 5which is the last wave of the Elliott wave cycle indicates a long -term target price of USD 18.22. Achieving this level would mean a huge augment in 361.8%, which means a historic milestone for XRP.

In his detailed analysis, Obscure Defender also indicated a 4-hour Symmetrical triangle pattern On the XRP price chart. This unique technical formation is often the precursor of significant price movement, which in the case of the XRP analyst predicts that the breakthrough will take place in the next 16 to 20 hours after its analysis.

It is expected that the breakdown of the triangle pattern will be in line with the wider trend up. In addition, the green wheel on the chart shows that The price of XRP has been tested and confirmed support after crossing the Breekeven line towards the resistance level of USD 2.4. This movement is the scene of the forecast Analytics Rally, with the main goal of level 5.85 USD and the secondary target of USD 4.55.

The XRP price will fall by 10% in one day

While a wider cryptographic market shows stubborn sentiments in the direction of XRP Due to the impressive results this year, the popular Altcoin is currently in the face of a significant bear because he is trying to break Key levels of resistance.

At the time of writing, Coinmarketcap data show that XRP has fallen from the previous price above 3 to 2.8 USD. The cryptocurrency recorded a decrease by a 10.3% in the last 24 hours after the experience of powerful pressure from the bear, which led to a 14% inheritance last week.

Despite this bear, the analysts remain more and more stubborn on XRP, Predicting significant price rallies This would drive Altcoin to modern heights. One noteworthy forecast He suggests that XRP can overwhelm bitcoins so high and potentially over time, the largest cryptocurrency in the world.

A distinguished picture from Adobe, chart from TradingView.com