Crypto analyst XForce has predicted that the XRP price could rise to $10 during an impulsive move to the upside in wave 3. The analyst also indicated that the bottom for XRP had been reached, even as the crypto market remains in a downtrend.
XRP price rose to $10 during Wave 3 move
In one X messageXForce told XRP holders to prepare for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are small market inefficiencies in the local time frames for the XRP price. However, the analyst added that after almost a year of distribution, the macro chart shows clear accumulation and a solid price bottom.
Related reading
Crypto analyst CasiTrades also predicted it that the XRP price could rise as high as $10 during the wave 3 move. However, she predicted that XRP would first fall to $1.4 to complete the macro wave 2 correction, which had begun around the largest liquidation event on October 10.
XForce indicated that this expected crash to $1.4 for the XRP price was unlikely. The analyst believed that the main low had been reached and alluded to the macro chart, which showed that the low had been broken, but XRP bounced back hard from it. He added that XRP could remain in this current range more distribution before the next rise, but believes that predictions of a further downtrend are all ‘noise’.
The XRP price continues to fluctuate between $2.4 and $2.6 as the market recovers from the October 10 crash that saw XRP on Binance fall to $0.77. Meanwhile, the price also fell below the psychological level of $2 on other exchanges.
A Final Drop for XRP
Crypto analyst CasiTrades doubled on her prediction that the XRP price would experience one last crash before a rally to the upside. She noted that the altcoin is responding exactly as expected after rejecting the Wave 4 resistance near $2.68. She added that the price is now turning bearish and the RSI reaches a new lowwhich begins to confirm that Wave 5 is underway.
Related reading
CasiTrades has stated this breaking below $2.42 would confirm the continuation towards the lower targets of $2.03 and $1.65. These two lower levels are said to be on par with the Wave 5 extension. The analyst again indicated that the XRP price could fall to at least $1.65, which she believes is the macro .618 retracement.
CasiTrades believed that this expected crash should complete the final wave of the correction before a huge wave 3 impulse up. She added that once the bottom has formed, the next push should be “quick and clear,” with XRP price breaking resistance on its way to new highs.
At the time of writing, the XRP price is trading around $2.48, down in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com