A popular cryptocurrency analyst, known as Credible Crypto, is predicting a huge price jump for XRP. He believes the cryptocurrency could increase by over 65% from its current price.
A Wave of Optimism
Credible Crypto uses the Elliott Wave Theory, a complex technical analysis method, to make his predictions. This theory suggests that market movements follow specific wave patterns reflecting investor psychology. According to the analyst, XRP is currently in a bullish wave pattern, indicating a significant upward trend. He states that the current price action is just the beginning of a much larger upward move.
He highlights that the recent price increase is just the start of a larger rally, potentially reaching a new all-time high. He specifically mentions that two more waves are expected within the current larger upward trend.
The $4 Target
Credible Crypto’s analysis suggests XRP could reach $4.21. He points to a “bullish flag” pattern on the monthly chart, a technical indicator often suggesting a continuation of an upward trend after a period of consolidation. He notes that months of sideways price movement have been erased in a single month, calling it “legendary.”
Current Price and Disclaimer
At the time of writing, XRP is trading around $2.54, down slightly. Remember, cryptocurrency investments are risky, and this prediction is just one analyst’s opinion. Always do your own research before investing.
