XRP Price Could Reach $110 According to Analyst Predictions
The XRP price is projected to potentially reach new all-time highs of $110, according to market analyst Egrag Crypto. This forecast is based on the Elliott Wave structure analysis.
Key Predictions from Analyst
- XRP's current position is in Wave 2, nearing Wave 3, expected to trigger a significant price increase.
- Wave 1 saw an increase of 733%.
- Wave 3 is anticipated to boost prices by 1,185%, targeting between $22 and $24.
- Potential retracement in Wave 4 could see declines of 14.6% to 38.2%, with a worst-case scenario dropping to $3.4.
- For Wave 5, three bullish targets are set: $32 to $48, $60 to $70, or $95 to $110.
Bollinger Bands Creator Comments
John Bollinger has noted XRP's resilience compared to other cryptocurrencies, questioning its potential leadership role in the market. Despite ongoing legal challenges with the US SEC, XRP remains stable, trading at $2.4, with a recent 4% increase.
