Crypto analyst Diana predicted that the XRP price could rise to $7, meaning a 450% gain for the altcoin. She alluded to technical setups that prove the token could reach this price target this year, which would mark a new all-time high (ATH).
XRP price expected to rally 450% to $7
In one X messageDiana stated that the technical setup of the XRP price then targets $7 based on the Elliot Wave and Fibonacci levels. She noted that the altcoin is currently at a critical point support zone between $1.50 and $1.55 and that this is the level that buyers should defend. If this support continues, the analyst predicts that XRP could rise on volume to between $1.88 and $2, which could lead to the chart opening soon.
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Diana also highlighted the short-, medium- and long-term prospects for the XRP price, even as it looks to rise towards the $7 target this year. In the near term, she expects a clear break above $2, which could send XRP to $2.20 to $2.70, a move that the analyst noted will end the trend. current local wave.
For the medium-term outlook, Diana noted that the Fibonacci extensions and channel projections, she stated that the main target lands in the $5 to $8 zone, with $7 perfectly lining up as the next realistic cycle high.
The analyst also predicted that the XRP price could reach this target within the next four to eight months if the momentum continues. She added that in bullish scenarios, XRP could peak between June and October 2026.
XRP could soon surface the fourth wave
In one X messageCrypto analyst CasiTrades stated that she expects the Wave 4 relief action for the XRP price to begin soon as the altcoin has nicely maintained its current support. She noted that the first resistance she is watching is the .382 retrace at $1.78, which also coincides with the previous support breakdown.
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CasiTrades also noted that the Wave 2 move was very shallow, with the XRP price only returning to .382, and that in Elliot Golfshallow Wave 2 movements often lead to deeper Wave 4 retracks. As such, she believes it is possible that this Wave 4 move could go higher towards $1.93 or even the $2.03 macro.5 retracement level.
The analyst added that XRP price needs to regain $2.03 and hold as support. This would negate the need for another wave down towards $1.55 or lower, causing wave 5 to fail.
At the time of writing, the XRP price is trading around $1.58, down in the past 24 hours, according to facts from CoinMarketCap.
Featured image of Peakpx, chart from Tradingview.com