Analyst Projects XRP Price Could Reach $20 to $30 Cycle High
The XRP price may be poised for a significant rally, with projections suggesting it could reach between $20 and $30. This forecast is based on Elliott Wave Theory, indicating the cryptocurrency is in the final stages of a corrective wave before a major rally.
Key Insights
- XForceGlobal predicts XRP's cycle high at $20-$30 by 2026.
- The current phase is characterized by a complex WXY structure, nearing completion of Wave 2.
- A Fibonacci confluence zone between $1.60 and $1.90 is expected to provide support for the next bullish phase.
- Initial targets include surpassing $5 in Wave 3, followed by a deeper pullback and a final push toward $6 or more.
- Market psychology is crucial; the XRP community's resilience amid regulatory challenges could drive the next bullish phase.
XForceGlobal emphasizes that the prolonged adversity faced by XRP holders has fostered a strong community likely to withstand market fluctuations.
