XRP Price Could Rally to $10 on Wave 3 Impulse

Crypto analysts have made predictions regarding the price trajectory of XRP, suggesting potential significant movements.

  • XForce predicts XRP could rally to $10 based on a wave 3 impulsive move. He identifies market inefficiencies but notes a clear accumulation and solid price floor after prolonged distribution.
  • CasiTrades predicts XRP could initially drop to $1.4 to complete a macro wave 2 correction before potentially rallying to $10. This correction began around the largest liquidation event on October 10.
  • XForce argues that a crash to $1.4 is unlikely, asserting that major lows have been set and pointing to chart data indicating resilience.
  • Currently, XRP prices fluctuate between $2.4 and $2.6, following an October 10 crash where prices fell to $0.77 on Binance.
  • CasiTrades maintains her stance on a final price drop, with resistance at $2.68 rejected, leading to bearish momentum. Breaking below $2.42 could confirm a further decline to $2.03 and $1.65, aligning with the Wave 5 extension.
  • The projected downturn could set up a future wave 3 impulse to the upside, breaking through resistance levels swiftly once the bottom forms.

At present, XRP trades around $2.48, reflecting a decrease over the past 24 hours.