According to a crypto analyst using the Elliot Wave Theory, XRP’s price is predicted to reach $27, representing a significant increase. The analyst explains that the third wave of the Elliot Wave Theory, which is currently underway, is typically the most dominant and surpasses the previous waves.
Positive news and a price rally are expected during this wave, with only minor corrections. The analyst suggests that XRP has successfully gone through the first two waves and is now gearing up for the anticipated third wave, projected to reach $6.5 before a temporary correction. The final push, known as the fifth wave, is expected to propel XRP to a minimum of $27, possibly reaching even higher levels.
The chart shared by the analyst indicates that the top of the third wave could occur around 2024, with the final rally potentially taking place between 2025 and 2026. Given these predictions, the analyst believes that investing in XRP below $0.50 could be a wise move for the future.
Source: BITCOINST
