$XRP Price Set to Skyrocket: Analysts Predict $5-$9.81 Range Amid RLUSD Launch
Key Highlights:
RLUSD Launch Boosts XRP: Ripple's RLUSD officially launched on December 17, fueling XRP’s bullish momentum.
Wave 3 Cycle in Play: Analysts believe $XRP is nearing the end of its wave three cycle, with potential to hit between $5 and $9.81 before a wave four correction.
Current Price Action: XRP trades just below $2.50, up over 2% in the past 24 hours.
Bullish Signals and Key Levels
XRP is holding steady between its 2021 high and all-time high, signaling strong bullish momentum. Breaking above this zone could lead to new record highs, but support at $2.33 remains critical.
Short-Term Targets
Recent price corrections retested the 2021 high, which held as support, affirming bullish sentiment. A breakout above $2.90 could set the stage for the next rally, aligning with technical targets from previous patterns.
Market Outlook
As $XRP continues to gain traction, traders should monitor key resistance and support levels for potential breakout or correction opportunities. Stay tuned as XRP eyes its all-time high.