Cryptocurrency analyst Credible Crypto points out that XRP has great potential for growth in the future. Especially as a payment-focused digital asset, XRP attracts investors' attention by showing a positive structure on the charts. The analyst states that XRP is built on solid technical foundations and this feature distinguishes it from other assets.$XRP
According to analysis based on Elliott Wave theory, XRP could experience a significant price increase from its current level. Credible Crypto predicts that XRP could start rising from $1.28, first reaching $4, and then reaching all-time highs. Stating that the upward movement is part of a larger third sub-wave, the analyst estimates that XRP’s value could rise to $20-$30 in the long term.
According to the basic principle of Elliott Wave theory, an uptrend in the markets consists of five waves and is followed by a three-wave correction. The analyst believes that XRP is included in this cycle, emphasizing that new opportunities may arise for investors.
When looking at the market structure of XRP, it is observed that it shows a clear bullish formation in every time frame. The analyst states that these positive movements seen in short-term charts are also similarly clear in long-term time frames. This makes XRP more attractive for investors.
Currently trading at $2.15, XRP is expected to continue to gain strength in the coming period. However, the analyst warns that investors should proceed with caution during this bullish period.
XRP stands out in the cryptocurrency markets with its strong technical analysis and solid market structure. Investors who take into account the analysis of experts can catch significant opportunities through XRP. This digital asset is considered to be the key element of a potential uptrend in its current state.