XRP's pullback indicates that the fourth wave has completed, and the fifth wave is expected to reach $5
During the ongoing market crash, the broader cryptocurrency market has remained in a bearish phase for most of December, with XRP being one of the victims of this turmoil, falling back after reaching a peak of $2.9 on December 3.
XRP completed the first wave in September 2024 and traded in the second wave from September to November 2024. Meanwhile, the bullish third wave began in early November during Trump's U.S. presidential election. The third wave ended with XRP rising to $2.9 in early December.
With the subsequent pullback and consolidation, the fourth wave is forming. The price is now around $2.16, and XRP is about to complete the current wave. Once the fourth wave ends, the next wave will be a bull market, which can leverage this to recover the losses of the fourth wave.
This rebound based on the fifth wave will drive prices up to $5, setting a new all-time high, an increase of 133% from the current price. The current market conditions allow XRP to gain higher returns after a broader market recovery.
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