XRP is getting some serious bullish buzz right now as traders spot what looks like the end of a major correction phase. According to Elliott Wave analysis making rounds, Ripple's token might be wrapping up its Wave 2 pullback and getting ready for a massive Wave 3 surge that could push prices to $4 or even higher.
This Dip Could Be Your Last Chance to Buy Cheap
Right now XRP is trading around $3.09, which means we might not see much more downside from here. If the Elliott Wave theory plays out, any bounce from this support zone could be the start of something big. The chart structure looks clean with good symmetry and timing – all the things technical analysts love to see.
Wave 3 Could Push XRP to $4-$7 Range
If this Elliott Wave setup is legit, we could be looking at some serious upside potential. The projected Wave 3 advance is targeting the 261.8% extension level, which puts XRP around $7.30 – that's more than double from current prices. But even the conservative target of $4+ would be a nice 30% gain from here.
The key thing to watch is that $1.61 invalidation level. If XRP drops below that, the whole bullish setup gets thrown out the window. But as long as it holds above there, this correction could be setting up one hell of a rally.
The analysis suggests that while the internal wave structure might get a bit messy, the big picture remains bullish. For anyone looking to get in before the next major move up, this pullback might be offering one of the last good entry opportunities.
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XRP Price Prediction: Elliott Wave Shows Final Dip Before $4+ Rally
XRP is getting some serious bullish buzz right now as traders spot what looks like the end of a major correction phase. According to Elliott Wave analysis making rounds, Ripple's token might be wrapping up its Wave 2 pullback and getting ready for a massive Wave 3 surge that could push prices to $4 or even higher.
This Dip Could Be Your Last Chance to Buy Cheap
Right now XRP is trading around $3.09, which means we might not see much more downside from here. If the Elliott Wave theory plays out, any bounce from this support zone could be the start of something big. The chart structure looks clean with good symmetry and timing – all the things technical analysts love to see.
Wave 3 Could Push XRP to $4-$7 Range
If this Elliott Wave setup is legit, we could be looking at some serious upside potential. The projected Wave 3 advance is targeting the 261.8% extension level, which puts XRP around $7.30 – that's more than double from current prices. But even the conservative target of $4+ would be a nice 30% gain from here.
The key thing to watch is that $1.61 invalidation level. If XRP drops below that, the whole bullish setup gets thrown out the window. But as long as it holds above there, this correction could be setting up one hell of a rally.
The analysis suggests that while the internal wave structure might get a bit messy, the big picture remains bullish. For anyone looking to get in before the next major move up, this pullback might be offering one of the last good entry opportunities.