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With the XRP price that has difficulty breaking out of consolidation, there is still much left for the Altcoin before a clear uprising can be registered. So far it seems that the XRP price has already found itself through multiple support levels. However, a golf count has yet to begin that according to an XRP analyst, the Altcoin could increase. This may mean that the cryptocurrency is more advantage, especially because the market is expected to herald an Altcoin season.
5 Golf counts come for the XRP price
Crypto analyst Dark Defender went to X (formerly Twitter) explain On where the XRP price could be led afterwards. This is after a retest of the level of $ 2.22 and the final rejection of this level. The result of this is a bearish retest of the support at $ 2.13, a level that could be the determining moment for the bears. Nevertheless, bullish expectations are still unbridled and Dark Defender has revealed how this could play for the XRP price.
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Since the Altcoin is expected to go through five waves, it is naturally expected that the first of these waves will be bullish. The Crypto analyst says that the XRP prize correction is now approaching the end and this can mean the start of this first wave. This wave, if he plays correctly, could initially push the price to $ 2.8.
With the next wave, the price is expected to correctly correct, so that a crash of almost 20% is activated and pushes to $ 2.3. With the Third Golf is Bullish then the firstAnother bounce would set XRP on a path above $ 4. In this case, the XRP price would have reached a brand new of all time, with the expectation to beat his high of 2017 of $ 3.8.
The next is the fourth Bearish Golf and this would push the price below $ 4, but not long. As soon as the fifth and final wave is underway, it is expected to push the price even higher. For this Golf, the crypto analyst sees the XRP price rise to $ 6.3 for the last leg-up.
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Interesting is that all this is expected to take place in the short term, which means somewhere in 2025. The shared graph shows a completion of the five waves by December 2025, which only gives seven months to play and reach all this above $ 6.
However, there is still the possibility of invalidity, especially if Support for the first wave is expected at $ 1.88. A break below this level can lead further down and lead to the full breakdown of the XRP price.
Featured image of dall.e, graph of tradingview.com