Latest, hurry up and see XRP price: The impact of 6-year long consolidation

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Further analysis of XRP price behavior shows that it is closely related to the established Elliott Wave Principle.

The consolidation period that lasted for six and a half years makes it possible for XRP to show a parabolic trend.

Longer consolidation periods can indicate more dynamic price breakouts, especially for assets with disruptive potential such as XRP.

Previously, the rise from wave 1 to the top of wave 3 set a strong precedent. Using the Fibonacci tool, it predicts the final outbreak top of wave 5, which may reach $16 to $33.

This prediction takes into account the extended nature of wave 3. The further extension level is 3.618, and the length of wave 1 multiplied by 1.618 reinforces these targets.

Historically, XRP's market behavior shows that after a long period of accumulation, the asset is able to achieve significant gains.

This combination of setup and market psychology indicates an expectation of a significant increase in XRP price. It will achieve the expected climax of the cycle.

Ripple Donates to Trump Fund

Ripple donated $5 million in XRP to the President-elect Trump Fund, setting a record for the largest single donation in the history of the US inauguration ceremony.

The donation is in line with previous historical donations. It highlights Ripple's intention to build relationships with influential political figures. Perhaps also advocate for a favorable regulatory framework for cryptocurrencies.

The donation is also in line with Ripple's broader strategy of gaining political goodwill and potentially influencing future cryptocurrency regulation.

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