
The XRP price could be staging a parabolic rally to new all-time highs of $110. While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger declares XRP to be a market leader in the crypto space. Analyst Predicts New XRP Price Target To $110 In a rather lengthy X (formerly Twitter) post, market expert Egrag Crypto went deep into his analysis for the XRP price, basing his predictions on its Elliott Wave structure. The crypto analyst confidently forecasted that XRP was heading towards a new $110 ATH. This bullish target would represent a whopping 3,974% increase from its current market value. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge Firstly, Egrag Crypto outlines XRP’s five-wave structure, underscoring that each wave could push the cryptocurrency to a new target. The analyst reveals that XRP is currently in Wave 2 of its Elliott Wave structure and is closely approaching Wave 3, which is expected to trigger the most explosive increase. In Wave 1, XRP saw an impressive 733% increase to new highs. However, in its current Wave 2, Egrag Crypto highlights that its 2017 fractal appears more profound. With the formation of a Double Bottom pattern, the analyst has predicted a potential price breakdown for the cryptocurrency. Egrag Crypto further forecasts that Wave 3 will trigger a reversal and cause the price to skyrocket by 1,185%. This massive price increase would effectively place the XRP price at a potential target between $22 and $24. For a more conservative target, the analyst estimates a surge of around $22 to $24. For Wave 4, Egrag Crypto predicts another major retracement similar to Wave 2. However, this time, the analyst believes XRP could decline by either 14.6%, 23.6%, or 38.2% from Wave 3’s price high. This correction would mark a 65% drop from Wave 3’s peak, bringing the cryptocurrency’s price down to $8. He also highlights a worse-case bearish scenario where XRP crashes as low as $3.4. Notably, Egrag Crypto shares three potential bullish targets for Wave 5, the final part of the Elliott Wave Structure. He forecasts that the altcoin could surge between $32 to $48, $60 to $70, or $95 to $110. The analyst has based his optimistic forecast on past cycle trends, where 2017 saw a major price rally for XRP. Bollinger Bands Creator Says The Asset To Become Leader In other news, Bollinger, the creator of the renowned Bollinger Band technical analysis tool, has highlighted XRP in his latest post, questioning whether it could take a leading role in the crypto market. The technical analyst asserts that Ripple has held up better than other primary crypto vehicles. Related Reading: Analyst Says Only Buy XRP If It Reaches This Level Considering its legal battles with the US SEC and present regulatory challenges, Ripple continues to remain resilient, aiming to gain clarity during the final stages of the five-year-long lawsuit. Meanwhile, the XRP price, which is currently trading at $2.4, has experienced a recent uptick, increasing by almost 4% in the last day, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
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With Cardano (ADA) Facing a `Death Cross` and Bulls Seeking a Comeback; XRP’s 4-Day Gain Sparks Community Optimism - Next ADA & XRP Price Moves

Cardano grapples with a bearish signal, while XRP enjoys a brief surge. Crypto enthusiasts watch closely for the next price shifts. Will ADA`s sluggish trend reverse, or can XRP sustain its momentum? Discover insights into the potential price movements of these popular coins in this detailed analysis. Cardano`s Six-Month Surge vs. Recent Pullback Price slid about 6 percent over the past month while recording a striking 122% gain over the past six months. The coin experienced a temporary downturn that contrasts with its impressive long-term growth. Historical performance reflects a shift from minor short-term weakness to robust upward momentum in recent months. Current prices hover between $0.4443 and $0.8893. Immediate resistance is set near $1.15, while support is identified around 0.26. Bears exert some control in the short term with mixed indicators like an RSI of 48.11, suggesting no clear trend yet. Trading strategies might target moves within these levels, awaiting clearer trends to confirm a bullish reversal. Upward Surge Amid Mixed Short-Term Performance XRP experienced a minor decline of 0.72% over the past month, yet it recorded an impressive six-month surge of 329.99%. Recently, a one-week increase of 2.89% suggests a potential bounce back, following a brief selloff. This half-year gain indicates strong momentum amidst market volatility, highlighting the dynamic trading environment surrounding the coin. Currently, XRP is trading between $1.60 and $2.88, with resistance at $3.61 and support at $1.06. The market shows a balance between bulls and bears, as the RSI remains around 52 and oscillators signal a slight negative trend. Traders could explore buying near support levels while monitoring for a breakout toward the $3.61 resistance. Conclusion ADA is facing a tough time with a potential downturn, while XRP shows a short-term rise. Both coins have active communities hoping for bullish moves. ADA needs strong support to avoid further decline. XRP`s recent gains have lifted spirits, but sustaining momentum is key. The next few days will be crucial. Monitoring market trends and investor behavior can provide insights into the future direction for both ADA and XRP. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. NewsBTC

XRP Price Watch: Bulls Eye $3.00 as Key Support Holds
XRP is currently trading at $2.40, with a market capitalization of $140 billion, a 24-hour trade volume of $2.95 billion, and an intraday price range of $2.34 to $2.47, as technical indicators suggest key support and resistance levels that could determine its next move. XRP The 1-hour XRP/USDC chart shows a gradual uptrend since March NewsBTC