Here is the reason that the XRP 5th wave can pay the price of XRP to 8 dollars

Dark Defender analyst shared an update on the XRP Daily structure, with a highlight of a possible increase to the highest new level ever in ELLIOTT WAVE style.

The latest analysis shows that XRP is merged below the level of $ 3. according to Dark Defender, the $ 3 sign is the main tie point for more bullish momentum.

At the time of the press, XRP hovering about $ 2.50 after losing 3 % of its value today and 18 % during the past week.

Despite these encouraging numbers, Dark Defender is still confident, indicating that based on the analysis of the Elliott wave, XRP is about to rise to the highest new level ever.

XRP ELLIOTT WAVE PROFECTION

The analyst determines a bullish structure of 5 ascending waves, with the third wave targets $ 5.85 and the fifth wave that expects to exceed 8 dollars. Currently, XRP is subject to the second corrective wave, where it is traded by about $ 2.50.

According to Dark Defender, the price procedure remains in the framework of the extended upward trend, with $ 3 as a pivotal resistance level that must be violated to continue.

Essentially, if XRP exceeds the sign of $ 3 during the 3 -wave, it may confirm the beginning of the renewed ups of the upscale. The next main goal lies at $ 5.85, which depends on the Fibonacci extension 261.8 %.

Finally, the wave target is expected to pay 5 XRP until $ 8, which requires an increase of 220 % of the current value of XRP.

Top -price goals on Elliott Wave

Meanwhile, in a previous analysis, Tony Sevirino, a legal market technician, used Elliott wave style style To argue For a stronger bullish trend for XRP. Specifically, he suggested that XRP could make an increase of 35x to $ 20 based on the ELLIOTT Fifth wave style.

Severino indicated that from the historical point of view, the previous waves (as in 2014 and 2017) led to tremendous gains, with a vision of 2017 in growth of more than 70,000 %.

Other technical indicators indicate XRP ATH

Likewise, the other market analysts were used Various technical indicators To argue with the most promising expectations of XRP.

In a tweet yesterday, analyst Steve Detected XRP has the third weekly candles ever made up, a style historically associated with increasing prices exceeding 2000 %. The configuration followed the last encryption market, as XRP decreased to $ 1.76 before the bounce quickly.

This recovery created a hammer formation, which indicates buyers to restore control. At the last time this style happened, XRP rose to a high cycle.

The analysis indicates that if the date is repeated, the XRP can rise from its current price of $ 2.50 to the highest new level ever, and may reach $ 52.50. However, the price goal of $ 50 for XRP is very disputed.