A popular cryptocurrency analyst is predicting a huge price surge for XRP, the cryptocurrency behind Ripple.
Analyst Predicts 719% XRP Rally
Credible, a well-known analyst with a large following on X (formerly Twitter), believes XRP is poised for a massive rally. Using Elliott Wave theory, Credible forecasts a five-wave surge, with the third wave being the strongest and longest. His analysis suggests XRP could reach $20, representing a staggering 719% increase from its current price of around $2.44.
The Big Picture is Bullish
Credible emphasizes the overall bullish trend, urging investors to focus on the bigger picture rather than short-term price fluctuations. He describes the technical setup as “clean and bullish,” suggesting a strong upward trajectory.
Potential Dip Before the Surge
Before the predicted major rally, Credible anticipates a potential dip below $2, creating a buying opportunity for those looking to get in. He highlights a specific support level (“ORANGE zone” on his chart) as an ideal entry point. His chart shows XRP first surpassing $3 before a correction.
Disclaimer: This analysis is purely speculative and should not be considered financial advice. Investing in cryptocurrencies is inherently risky, and you could lose money. Always do your own research before making any investment decisions.
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