Ah, XRP! The enigmatic darling of the crypto realm, now up a staggering 15% after hitting the dismal low of $1.61. According to a horde of so-called “experts,” if it can sustain a daily close above $2.20, we might just witness a trend reversal that could tempt it with the allure of double digits. One can only hope their crystal balls are clearer than mine! 🧐
The $2.20 Vault: A Modern-Day Midas Touch
After our market received a sprightly jolt thanks to President Trump announcing some tariff exemptions (photo op, anyone?), traders have transformed into optimists, painting enchanting images of XRP charging forth into the realm of double digits.
Our renowned analyst DOM chimed in, declaring that XRP’s flirtation with the support level of $1.96 was reminiscent of a shy debutante regaining a key “value area” above $2.00, a threshold touched back in the glamorous December of 2024. Who would have thought?
“$2.20 is now the only objective here,” trumpeted DOM in an April 13 missive on X, piling on the pressure with promises of a meteoric rise to $2.50 if they don’t misplace their reading glasses.
On the accompanying chart, almost pleading for redemption, it shows that the price has snatched back the election VWAP at $2.03, hinting at even more delightful gains ahead. Who needs a fortune teller?
“If $2.00 and election VWAP stay as support, this chart looks very constructive,” muttered DOM, possibly with a wink.
Now, let’s address the immediate support at $2.10, which, coincidentally, also happens to be the 100-day exponential moving average (EMA). This level is being watched like a hawk, as a wall of bid liquidity is shamelessly building around it, eager for a retest. A liquidity grab, no less!
Could XRP Achieve the Fabled $20 in 2025?
With the recent price peep show, Maelius—an analyst who remains shrouded in delightful anonymity—has ventured forth proclaiming that XRP could not only saunter to $10 but perhaps dazzle us with an “optimistic” leap towards $15 or even $20, thanks to the ever-reliable Elliott Wave Theory. Truly, the stuff of dreams!
“The conservative case assumes XRP has completed its W3, currently in the process of finalizing W4, before expanding to a final W5. Simple, really,” said Maelius, fluffing his imaginary feathers.
He tossed in that the price action and the RSI are mirroring the illustrious 2017 cycle, complete with the RSI reaching for the stars in the resistance area (marked oh-so-dramatically in red), indicating the fabled overbought conditions. What a thrilling ride!
If history is our guide, Maelius rolls the dice on XRP dragging itself to a W5 target of approximately $10 by year-end. How very quaint! 🌟
“Conservative assumption is for a magnitude of W5 to replicate the one of W3, thus targeting $10,” Maelius proclaimed, clearly optimistic about his prospects.
Continuing his soliloquy, Maelius mused about the possibility of the W3 peak still being in our sights, offering a riveting analysis of the longer accumulation period compared to 2017 and the RSI, which begs the question of when exactly do we call it a night?
“Therefore, there is a possibility we have just completed W3 out of a larger W3,” he explained, his eyes twinkling with mischief.
Should this drama continue, Maelius suggests a potential retest of the resistance to seal the fate of the third wave, paired with the Elliott Wave count expecting a similarly protracted fourth wave. How thrilling! 🎩
“In such a case, the final W5 top could easily get prolonged to Q1-2 of 2026, with grander targets than in the conservative case, i.e., likely in the range of $15-$20 or even higher,” Maelius concluded, spilling the tea.
Meanwhile, fellow analyst XForceGlobal has declared with utmost authority that XRP remains firmly entrenched in a “major bull market,” fiercely distinguishing its price action from the mundane performance of its peers—all through the prism of Elliott Wave Theory, of course.
“If we have all the ideas aligned together with even the simplest technical analysis, there is a very good chance that we’re gonna be working for all-time highs at the very minimum expectation,” XForceGlobal stated, as one would expect from an expert in the field.
As noted by CryptoMoon, XRP’s symmetrical triangle pattern boasts tantalizing prospects of a rally to new all-time highs exceeding $3.50. Here’s hoping we can toast to that with a glass of bubbly! 🥂
Read More
- Top 8 UFC 5 Perks Every Fighter Should Use
- Unlock the Magic: New Arcane Blind Box Collection from POP MART and Riot Games!
- Unlock the Best Ending in Lost Records: Bloom & Rage by Calming Autumn’s Breakdown!
- Unaware Atelier Master: New Trailer Reveals April 2025 Fantasy Adventure!
- Unlock Roslit Bay’s Bestiary: Fisch Fishing Guide
- How to Reach 80,000M in Dead Rails
- Unleash Hell: Top10 Most Demanding Bosses in The First Berserker: Khazan
- REPO: How To Fix Client Timeout
- Reverse: 1999 – Don’t Miss These Rare Character Banners and Future Upcoming Updates!
- How to Unlock the Mines in Cookie Run: Kingdom
2025-04-15 15:23