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XRP’s ‘Insane’ 719% Surge in Cards Amid Clean Bullish Technical Setup
Massive rallies are on the table for payments-focused altcoin XRP. The pseudonymous analyst “Credible” tells his 448,500 followers on social media platform X that XRP appears to be preparing for the third wave of a five-wave rally on the four-hour chart. Trusted practices are the Elliott Wave Theory which states that bullish assets tend to see a five-wave rally with the third wave being the longest and steepest part of the rally. Credible shares a chart showing XRP’s path to $20 before its five-wave rally comes to an end. “For non-traders, just zoom out a bit so you don’t forget the big picture. The XRP structure here looks so clean and bullish, it’s actually crazy. Forget what’s happening on these lower timeframes. It’s noise (for non-traders), and the big picture is unequivocally bullish. At the time of writing, XRP is trading at $2.44, indicating a potential 719% upside if the altcoin hits its massive price target. Zooming in, Credible believes that it’s possible that XRP could revisit the support level below $2 before taking off to all-time highs. “XRP looks strong here, and new local demand may be forming in the orange zone.Any retest of that area should be good long opportunities for those looking to enter. Based on the trader’s chart, it seems he expects XRP to first rise above $3 before seeing a deep correction. More interesting news – Subscribe – I would appreciate tips $XRP
Massive rallies are on the table for payments-focused altcoin XRP. The pseudonymous analyst “Credible” tells his 448,500 followers on social media platform X that XRP appears to be preparing for the third wave of a five-wave rally on the four-hour chart. Trusted practices are the Elliott Wave Theory which states that bullish assets tend to see a five-wave rally with the third wave being the longest and steepest part of the rally. Credible shares a chart showing XRP’s path to $20 before its five-wave rally comes to an end. “For non-traders, just zoom out a bit so you don’t forget the big picture. The XRP structure here looks so clean and bullish, it’s actually crazy. Forget what’s happening on these lower timeframes. It’s noise (for non-traders), and the big picture is unequivocally bullish. At the time of writing, XRP is trading at $2.44, indicating a potential 719% upside if the altcoin hits its massive price target. Zooming in, Credible believes that it’s possible that XRP could revisit the support level below $2 before taking off to all-time highs. “XRP looks strong here, and new local demand may be forming in the orange zone.Any retest of that area should be good long opportunities for those looking to enter. Based on the trader’s chart, it seems he expects XRP to first rise above $3 before seeing a deep correction. More interesting news – Subscribe – I would appreciate tips $XRP
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