XRP price has waned in activity and popularity as it dropped from $3.40 to $2

XRP Price Prediction & Elliot Wave Analysis: Crash Below $1 Before $20 Target

Popular crypto analyst XForced Global shared his latest thoughts on XRP price action using Elliot Wave Analysis.

The first wave, according to the analyst, is complete as the token rallied from $0.50 to $3.40. Wave 2 will see Ripple’s value drop down to a buy zone that extends from $1.70 to $1.0. Due to the volatility, there might be a drop below the $1 psychological level before Wave 3 kicksstarts.

In Elliot Wave Theory, the third wave is the longest wave, and XForced Global notes that XRP price could hit $20. If this occurs, its market cap at the current supply would 10x and hit $1.16 trillion.

The fourth wave, according to the analyst, will trigger a correction to roughly $7 before embarking on the final wave that will most likely propel XRP price to $30.

It is unsure if the crypto token will achieve this valuation in the short term; assuming that every aspect of the project goes well, it could take a few years and potentially a decade for XRP to hit $20 or $30.

If we look at the long-term outlook for XRP price, it is extremely bullish. However, considering the current market conditions, it’s best to approach such lofty price targets with a healthy dose of skepticism.

Instead, let’s shift our focus to a short-term XRP price prediction and analysis.

XRP Price Analysis For Next WeekBetween December 3, 2024, and April 3, 2025, XRP price traded in a range, creating a value area extending from $2.11 to $2.60. This area is where 70% of the volume was traded in the past four months.

As noted in a previous XRP prediction & analysis, acceptance above the range low of $2.11 could signal strength and potentially propel the price to $2.41 and $2.60. While the first target is where the highest volume was traded in the past four months, the second target is the range high of the aforementioned value area.

For the next week, investors can expect one of two things to happen.

Interestingly, the bearish scenario puts XRP price into the buy zone obtained the aforementioned Elliot Wave analysis.

Conclusion: Factors That Could Affect XRP’s Directional BiasThere are three key events that could impact XRP price moves.

Frequently Asked Questions (FAQs)What is the current price prediction for XRP?

Popular crypto analyst XForced Global shared his latest thoughts on XRP price action using Elliot Wave Analysis.

What does Elliot Wave Analysis suggest for XRP price?

According to XForced Global, the first wave in his count is complete as the token rallied from $0.50 to $3.40. Wave 2 will see Ripple’s value drop down to a buy zone that extends from $1.70 to $1.0. Due to the volatility, there might be a drop below the $1 psychological level before Wave 3 kicksstarts.

In Elliot Wave Theory, the third wave is the longest wave, and XForced Global notes that XRP price could hit $20. If this occurs, its market cap at the current supply would 10x and hit $1.16 trillion.

The fourth wave, according to the analyst, will trigger a correction to roughly $7 before embarking on the final wave that will most likely propel XRP price to $30.

It is unsure if the crypto token will achieve this valuation in the short term; assuming that every aspect of the project goes well, it could take a few years and potentially a decade for XRP to hit $20 or $30.

If we look at the long-term outlook for XRP price, it is extremely bullish. However, considering the current market conditions, it’s best to approach such lofty price targets with a healthy dose of skepticism.

Instead, let’s shift our focus to a short-term XRP price prediction and analysis.

XRP Price Analysis For Next WeekBetween December 3, 2024, and April 3, 2025, XRP price traded in a range, creating a value area extending from $2.11 to $2.60. This area is where 70% of the volume was traded in the past four months.

As noted in a previous XRP prediction & analysis, acceptance above the range low of $2.11 could signal strength and potentially propel the price to $2.41 and $2.60. While the first target is where the highest volume was traded in the past four months, the second target is the range high of the aforementioned value area.

For the next week, investors can expect one of two things to happen.

Interestingly, the bearish scenario puts XRP price into the buy zone obtained the aforementioned Elliot Wave analysis