Cryptoanalyst XForce has predicted that the XRP price could rise to $10 in an impulsive wave 3 upward move. The analyst also indicated that XRP had bottomed even as the crypto market remains in a downtrend.
XRP Price Heads To $10 In Wave 3 Move
in a x publicationXForce told XRP holders to prepare for a rally to $10 or higher, which it described as a conservative move. wave 3 objective. He noted that there are small market inefficiencies in local timeframes for the XRP price. However, the analyst added that the macro chart shows clear accumulation and a solid price floor after almost a year of distribution.
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Cryptographic analyst CasiTrades had also predicted that XRP price could rise as high as $10 in the wave 3 move. However, he predicted that
XForce indicated that this projected drop to $1.4 for the XRP price was unlikely to occur. The analyst opined that the important bottom had arrived and alluded to the macro chart, which showed that the bottom had been broken, but XRP rebounded strongly from it. He added that XRP could remain in this current range for more distribution before the next bullish leg, but believes that predictions about a new downtrend are all “noise.”
The price of XRP has continued to fluctuate between $2.4 and $2.6 as the market recovers from the crash on October 10, which saw XRP fall to as low as $0.77 on Binance. Meanwhile, it also fell below the psychological level of $2 on other exchanges.
One last drop for XRP
Cryptographic analyst CasiTrades doubled on his prediction that the XRP price would witness a final decline before an upward rally. He noted that the altcoin is reacting exactly as expected, having rejected Wave 4 resistance near $2.68. He added that the price is now turning bearish and the The RSI is reaching a new lowwhich is beginning to confirm that the fifth downward wave is underway.
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CasiTrades stated that breaking below $2.42 would confirm continuation towards the lower targets at $2.03 and $1.65. These two lower levels are said to be aligned with the Wave 5 extension. The analyst again indicated that XRP price could fall to at least $1.65, which she claims is the macro retracement of 0.618.
CasiTrades opined that this projected decline should complete the final wave of the correction before a massive wave impulse 3 upwards. He added that once a bottom forms, the next push should be “quick and obvious,” with XRP price breaking through resistance on the way to new highs.
At the time of writing, XRP price is trading at around $2.48, down in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
