XRP Price Forecasted to Potentially Reach $36 in Three Months
Market sentiment for XRP is turning bullish, with indicators suggesting an upward trend in the next three months. Analysts predict a potential price rally to $36.
XRP Price Forecast
- XRP has broken a significant three-month resistance trendline, indicating a shift from bearish to bullish market structure.
- Analyst Dark Defender expects XRP to enter Wave 3 of the Elliott Wave Theory, projecting a price surge up to $36.76, marking a 423.6% increase.
- Short-term target is set at $3.33, mid-term at $5.85.
- Additional targets include approximately $13.81 (161.8% gain), $18.96 (261.8% gain), and $26.87 (361.8% gain).
- Support levels are identified at $2.3620 and $2.222, which may provide stability during price corrections.
Market Dynamics
- On-chain data reveals no major resistance zones ahead for XRP, suggesting a clear path for price movement.
- A support zone exists at $2.38, where 1.85 billion XRP were last transacted, serving as a potential technical support level.
- The absence of large token holdings at higher price levels indicates a smoother ascent without significant selling pressure.
