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Cryptocurrency News Articles

XRP Bull Market Predictions: Can the Ripple Token Reach $40? Expert Reveals Two Potential Scenarios

Jan 17, 2025 at 05:30 pm

XRP Bull Market Predictions: Can the Ripple Token Reach $40? Expert Reveals Two Potential Scenarios

Crypto analyst XForceGlobal has shared two potential price scenarios for XRP, both indicating the final stages of a primary bull cycle.

After months of discussing patterns and trends, the focus now shifts to outcomes, with investors watching closely as XRP approaches its final targets.

According to the analyst, these targets range from $7 to $40, with two distinct paths emerging.

Chart 1: A Gradual Climb With Higher Rewards

The first scenario suggests a slower, controlled progression for XRP. It anticipates a five-wave minor degree pattern leading to a deeper wave 1-2 pullback. This retracement could present an opportunity for long-term holders to accumulate more XRP.

While this path requires patience, it offers the chance for higher rewards, particularly if prices eventually reach the upper target zone of $20–$40.

Chart 2: A Faster Path to the Bull Market’s End

The second scenario suggests a more accelerated rise, skipping the deeper wave 1-2 pullback. This would push XRP to $7–$12 more quickly, marking the end of the bull market.

However, this rapid progression leaves less room for accumulation and could limit long-term gains.

These projections align with the completion of the primary wave 5, a critical phase in Elliot Wave Theory. The targets are divided into two zones: $7–$12 and $20–$40. The analysis also highlights resistance near $2.00 and key support levels below $0.30. Maintaining these support zones is crucial for either scenario to play out.

XForceGlobal remains optimistic about XRP’s outlook. Their tweet expresses confidence in XRP's ability to achieve substantial gains. The analysis highlights how Elliot Wave patterns support these projections. Whatever route is decided upon, holders of XRP are preparing for what may be a turning point in the history of the coin.

At publication, XRP trades at $3.27 according to CopinGecko. The token has risen in value over the past day and week, by 5.24% and 41.30% respectively

Disclaimer:info@kdj.com

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