Analyst Who Correctly Called The XRP Price Jump From $1.4 To $2.8 Reveals The Rest Of The Prediction

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As a seasoned crypto investor with over a decade of experience in the market, I’ve seen my fair share of bull runs and bear markets. The recent surge in XRP has been nothing short of remarkable, and I must admit, Behdark’s prediction about its price rally to above $2.8 was spot on.

A crypto expert who correctly foresaw XRP reaching $2.8 has now made another daring projection about this digital currency. The analyst recently posted a technical breakdown of XRP utilizing the Elliott Wave Theory, which involves identifying wave patterns and their potential impact on XRP’s path in the intermediate to long term.

Analyst Accurately Projects XRP Price Rally Above $2.8

Over the last few weeks, the value of XRP has experienced a significant reversal, surprising many in the larger cryptocurrency sphere as it maintains this robust upward trend. According to crypto analyst Behdark on TradingView, he had initially predicted XRP to be around $1.4, but now anticipates its price to climb between the ranges of $2.7 and $4.2.

The analyst disclosed that since this last analysis, the price of XRP has skyrocketed by over 105%, reaching key zones and confirming his above $2.7 projection. Data from CoinMarketCap revealed that the XRP price is currently trading at $2.71, marking a 12.6% increase in the last 24 hours. 

Behdark highlights that the XRP’s price movement appears to be shaping as a “Running Triangle,” a pattern derived from the Elliott Wave Theory which includes five distinct waves: A, B, C, D, and E. As per the analysis on TradingView, it is currently in the Wave D, which is close to wrapping up. This wave indicates that the XRP price could be approaching a potential resistance level, as marked by the red area on the chart.

According to the analyst’s findings, Wave D of XRP suggests a possible new record high, implying a temporary surge surpassing crucial resistance points for the cryptocurrency. He pointed out that following this significant yet short-lived price rise, XRP is predicted to correct itself and move into wave E, which would mark its official entry.

According to Behdark’s examination, it seems that wave E might mark the final period of consolidation within the Running Triangle. The analyst anticipates a significant price surge surpassing $15 once this triangle structure concludes. He shared his insight that wave E points towards a robust bullish trend for XRP, which could potentially propel the cryptocurrency to achieve new peak records during this ongoing bull market.

XRP Price Eyes Massive Surge To $30 

Following his spot-on prediction of XRP’s rise above $2.8, Behdark expanded his technical analysis, suggesting that the cryptocurrency might reach a price target of around $30. According to his chart, he identifies three possible long-term price points for XRP.

Initially, analyst Behdark anticipates that the price of XRP could reach approximately $30 in the long run, potentially attained by 2026. His forecast suggests a steady climb for XRP, with it approaching a significant resistance level at around $3.1 by 2025. Afterward, he predicts that this level will be surpassed, with the price settling between roughly $5.5 and $6.5 in the future.

By 2026, it’s predicted that XRP will undergo a significant pullback and return to the resistance area around $3.1. After this correction, it could potentially surge towards three primary goals: $8 – $9, $14 – $17, and $25 – $30.

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2024-12-03 18:11