Analyst Accurately Projects XRP Price Rally Above $2.8
Crypto analyst Behdark, who previously predicted XRP's rise from $1.4 to $2.8, has shared an updated technical analysis using the Elliott Wave Theory. According to his findings, XRP is forming a "Running Triangle" pattern, suggesting a mid-to-long-term bullish trajectory.
- Current Status: XRP trades at $2.71 (12.6% 24-hour increase).
- Wave D Progress: Nearing completion, targeting a brief spike above resistance levels before entering Wave E.
- Final Consolidation: Wave E is expected to trigger a major rally, potentially pushing XRP above $15.
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XRP Price Eyes Massive Surge to $30
Behdark’s long-term projections outline three key price targets for XRP:
- 2025: Break past $3.1, settling between $5.5–$6.5.
2026: Correct to $3.1, then surge to:
- $8–$9
- $14–$17
- $25–$30
Key Factors Driving XRP’s Growth
- Technical Patterns: Running Triangle completion.
- Market Momentum: Bullish cycle aligning with historical wave trends.
FAQ Section
1. What is Elliott Wave Theory?
A technical analysis framework identifying recurring price wave patterns (A–E) to predict market trends.
2. How reliable is Behdark’s XRP prediction?
His previous $2.8 forecast proved accurate, lending credibility to current projections.
3. When will XRP hit $30?
By 2026, contingent on successful completion of Wave E.
4. Should investors buy XRP now?
While bullish, always conduct independent research and assess risk tolerance.
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Conclusion
Behdark’s analysis highlights XRP’s potential for significant gains, driven by Elliott Wave patterns and broader market trends. Investors should monitor key resistance levels ($3.1) and prepare for volatility during Wave E consolidation.
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