XRP Price Predicted to Surpass $4 Amid ETF Launches

The XRP price is facing challenges, but investor optimism remains due to recent XRP ETF launches. Despite predictions of a bear market based on the Elliot Wave Theory, analyst XForce Global suggests an alternative outlook:

  • XRP may not have completed its final wave, potentially avoiding a bear market.
  • Analysts using the Elliot Wave Theory might find clarity through a refined chart view.
  • XRP could see bullish movement, possibly surpassing $4, and even reaching above $5 or $6.

XRP price

Factors Influencing XRP's Price Potential

  • The introduction of over three XRP ETFs in the US is a significant factor.
  • Analyst Chad Steingraber notes that ETF trading hours show price upticks, with declines during off-hours.
  • This pattern may build momentum, potentially leading to substantial price increases in the coming months.

XRP price chart from Tradingview.com