⭐⭐Experienced Trader Gives Dream Target for XRP: It Can Rise Eightfold! ⭐⭐
Crypto analyst Credible stated on the X platform that XRP is approaching the third wave of a five-wave bullish structure according to Elliott Wave Theory.$XRP
According to the analyst, the third wave usually represents the longest and steepest part of the rise. Sharing a chart containing XRP's price movements, Credible stated that XRP could reach the $20 level at the end of this five-wave structure. Emphasizing that XRP's chart reveals an extremely strong and clean bullish structure in the big picture, the analyst commented:
“Don't pay attention to the movements you see in low time frames, these are just noise. The big picture is extremely bullish and this is an indisputable fact.”
Support Level Below $2 May Be Tested
The analyst is evaluating the possibility of XRP retesting the support level below $2 before reaching new highs. Stating that this level is a strong support area, Credible stated that price movements here could create long position opportunities:
“XRP is showing a strong appearance here, new demand has formed within the orange area. A retest of this area could be a good opportunity for investors who want to buy. The ideal scenario would be a suitable entry opportunity for long positions if there is a movement as I have shown in the chart.”
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