A crypto analyst who accurately predicted XRP’s rise to $2.8 is now making another ambitious forecast for the digital currency. This expert recently conducted a technical analysis using the Elliott Wave Theory to explore price wave patterns and their potential impact on XRP’s future in the mid-to-long term.
XRP Price Projection Above $2.8 Confirmed
Recently, XRP underwent a significant price upturn, surprising many in the crypto community as it maintains strong upward momentum. TradingView analyst Behdark initially examined XRP at $1.4 before forecasting its ascent to a range between $2.7 and $4.2.
Since Behdark’s last assessment, the price of XRP has surged over 105%, confirming his earlier target of over $2.7. Current data from CoinMarketCap shows XRP trading at $2.71, reflecting a 12.6% gain over the past day.
Behdark suggests that XRP may be forming a “Running Triangle,” a specific consolidation pattern within the five waves of the Elliott Wave Theory: Waves A, B, C, D, and E. His detailed XRP price chart indicates that the cryptocurrency is currently in Wave D, nearing completion. This implies that XRP might soon approach a critical resistance level, depicted in red on his chart.
The analyst noted that XRP’s Wave D is targeting a new all-time high, suggesting the cryptocurrency could briefly spike above crucial resistance thresholds. However, once this rapid increase happens, XRP is expected to experience a downward correction and proceed into wave E.
Following Behdark’s analysis, wave E seems to represent the concluding phase of consolidation in the Running Triangle. The analyst projects a significant increase in XRP’s price to exceed $15 once this pattern is fully realized. Wave E signals a strong bullish trend that could position the cryptocurrency for new all-time highs in this current bull market cycle.
XRP Price Projected to Reach $30
Following his successful forecast regarding XRP surpassing the $2.8 mark, Behdark has extended his predictions, suggesting that the cryptocurrency might aim for a price near $30. His analysis presents three significant long-term price targets for XRP.
Behdark identifies the $30 target for XRP as an ambitious long-term goal achievable by 2026. He forecasts a steady price increase, with XRP reaching the critical resistance level of $3.1 by 2025, before surpassing this threshold to eventually stabilize between $5.5 and $6.5.
By 2026, XRP may undergo a significant correction back to the $3.1 resistance zone, followed by a dramatic rally toward three primary price targets: $8 to $9, $14 to $17, and $25 to $30.
