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One of last year’s top-performing ciphers, Ripple’s XRP trades between $2.15 and $2.30. The current price of the token is far from its 52-week high of $3.38 on January 17th last year, spurring industry excitement over President Donald Trump’s re-election.
Related readings
XRP is taking part in the broader downward trend of the crypto market, but several commentators and analysts expect Ripple to be on the way to a large gathering. According to Crypto analyst Egrag Crypto, Ripple’s XRP is set in a different price range after comparing the assets’ current Elliott wave structure with the 2017 fractal.
XRP continues to survive the storm
EGRAG Crypto’s latest price analysis and XRP forecasts will be offered as a slump for Altcoin and the broader crypto market. Ripple coins are stable beyond the important $2 price support. Traditionally, assets replicating Elliott’s wave structures often take important price actions.
#xrp =Thread (1/7) #xrp:This cycle, then two triple digits!
The thread below #xrp Shared in the Subscriber section on February 12, 2025.
We combined Elliott’s complete wave numbers to assess the next goal: 🎯✨
Please take a look in detail! 🔍… pic.twitter.com/nkv00y5mzd
– egrag crypto (@egragcrypto) March 12, 2025
Based on EGRAG evaluation, XRP is currently in the second wave of the Elliott wave structure. This is traditionally defined by high-priced volatility and modifications.
Traders and investors must be aware of the structure of the bigger waves
In a Twitter/X post, Egrag explained that XRP is in its corrective wave 2 and is primed for price operations of double digits or over $100.
Analysts detailed that Wave 2 often traces a portion of Wave 1, usually coinciding with 50%, 76%, and even 85.4% of initial movement. Ripple’s XRP solidifies the hold during the correction phase, he shares.
Assets face bearish pressure and the market can expect a double bottom just before moving to Wave 3. EGRAG warns that Wave 3 is the most aggressive part of the cycle with more volatility.
Can XRP hit more than $100?
Previously, XRP’s Wave 1 pattern submitted a 733% increase in price. Also, by using the Elliot Wave Extension formula, popular analysts project that Wave 3 on XRP can extend the gain of their first Wave by 1.618 times. Using this calculation, EGRAG offers a potential surge of 1,185 times, converting it to XRP price range between $22 and $24.
Once XRP reaches the peak of Wave 3, a fourth wave and price adjustments follow. For this wage, the retracement level ranges from 14% to 38.2% of Wave 3. If this happens, eGrag predicts that the XRP price could drop to $8.
Related readings
Elliott wave wave 5 follows, and you can predict the price using three methods. First, if the price of the XRP rises between 1.236% and 1.618%, the price of the asset could rise between $32 and $48. Secondly, if Wave 5 replicates Wave 1, the price will be between $60 and $70. Third, if the movements of Waves 1 and 3 are extended by 61.8%, the XRP could potentially reach $100.
Medium featured images, TradingView charts
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