A cryptocurrency analyst is predicting a massive surge in the price of XRP, a digital asset focused on payments. Credible Crypto, a pseudonymous YouTube personality with over 65,700 subscribers, believes XRP has one of the most bullish market structures in crypto based on its charts.
According to the Elliott Wave theory, which the analyst applies to his technical analysis, a bullish asset typically experiences a five-wave rally before correcting. Credible Crypto says that XRP is exhibiting clear impulsive price movement, making it an attractive investment opportunity.
The analyst predicts that XRP could reach $4+ and new all-time highs, marking the third sub-wave of a larger third-wave move that would ultimately take the asset to $5+ plus. This fifth wave is expected to result in double-digit gains and potentially reach a blow-off top of $20-$30.
Currently trading at $2.15, XRP has already demonstrated impressive price action, with Credible Crypto noting its clean and identifiable structure on lower time frames and higher time frames. With this bullish prediction, investors should exercise caution and conduct their own due diligence before making any investment decisions in XRP or other cryptocurrencies.
Source: https://dailyhodl.com/2024/12/28/this-top-10-crypto-asset-is-probably-the-most-bullish-altcoin-right-now-and-could-rally-1200-says-analyst