XRP Expected to Reach Prices Between $10 and $40, Analyst Forecasts
A Korean Elliott Wave analyst forecasts that XRP may rise between $10 and $40, representing potential gains of up to 1,726% from current levels. The analysis suggests XRP has completed a correction cycle and is poised for a significant bull run.
Technical Analysis Highlights
- XRP has formed a “WXY corrective pattern,” indicating the end of a downward trend.
- The cryptocurrency fell about 50% from its January 2025 peak of $3.33 to a low of $1.638, but has rebounded by 34% to $2.20.
- The market response involved three waves: Wave W (profit-taking), Wave X (minor upward trend), and Wave Y (final downward phase).
Price Forecast
- XForceGlobal predicts XRP is in wave 2 of a fifth wave, with a minimum target of $10 (350% increase) and a maximum target of $40 (1,726% increase).
- The forecast relies on Elliott Wave Theory, analyzing investor sentiment through price movements.
Korean Market Influence
- Korean exchanges are viewed as leading indicators for XRP price changes.
- Similar patterns observed in XRP's KRW and USD charts reinforce the completion of wave 2.
Investment Insights
- A recent 40% rise from lows is seen as typical, with “smart money” accumulating XRP as retail interest grows.
- The community strength of XRP contrasts with declining enthusiasm for other cryptocurrencies like Ethereum and Solana.
- A potential vertical price action could trigger new FOMO among investors.