8 hour ago
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XRP Analyst Predicts $6–$14 Surge Following Final Market Shakeout
XForceGlobal, a Certified Elliott Wave analyst, suggests that XRP is poised for a significant move. The token has been trading in a range-bound manner, which he attributes to an Elliott Wave "flat" correction. This pattern indicates a balanced market with no clear trend from bulls or bears.
Key Points
- The current structure is seen as a corrective phase within a larger bullish sequence, forming a new price floor.
- Prolonged consolidation may exhaust traders, leading to a resolution where one side decisively gives up.
- A three-part A-B-C structure is identified, with wave C being the impulsive move that resolves the balance.
- XForceGlobal anticipates a final shakeout before a potential upward move, expecting the market to be in an "expanded flat" configuration.
- He highlights $1.70 as a possible low that could be undercut without invalidating the bullish setup.
- XForceGlobal's upside targets range from $6 to potentially $14, depending on the duration of the current consolidation.
- He advises risk management if the market breaks further structure than expected.
At press time, XRP traded at $1.91.
