XRP Price Breakout Anticipated at $2.56 Trigger Level
XRP is nearing a potential breakout, supported by Elliott Wave Theory and Wyckoff reaccumulation principles. Analysts have identified critical price levels that could trigger a significant upward movement.
XRP Price Analysis
- Recent analysis indicates XRP is in sub-wave 3 of Macro Wave 5.
- Key trigger level identified at $2.56 for breakout.
- A confirmed breakout could push XRP to the $2.9 to $3.4 range.
- Support from Fibonacci extension targets and bullish divergence on MACD.
- Wyckoff accumulation structure observed, indicating completed reaccumulation.
- Important levels to watch include $2.65 as XRP approaches previous all-time highs.
Future Price Targets
- Analyst Egrag Crypto predicts a historic breakout in two weeks.
- Targets include $10, $18, $27, and up to $55 based on macro bullish formation.
- Breakouts from similar setups historically led to substantial gains.
- Maintaining the lower trendline of a macro ascending channel is crucial for continued bullish momentum.
