XRP Price Pullback To $2 According To Plan For Historic Breakout To $10, Analyst Says

XRP Price Pullback To $2 According To Plan For Historic Breakout To $10, Analyst Says

Source: NewsBTC

Published:02:00 UTC

BTC Price:$94968

#xrp #crypto #hodl #moon

Analysis

Price Impact

Med

An analyst predicts a potential rise to $10 after a pullback, and even higher to $40 long-term, based on technical analysis (wxy corrective structure and wave patterns). while ambitious, technical analysis can influence trader sentiment.

Trustworthiness

Med

The article cites a crypto analyst's opinion. while the source has a stated editorial policy focusing on accuracy, price predictions are inherently speculative. the disclaimer about potential inaccuracies should be considered.

Price Direction

Bullish

The overall sentiment is bullish, anticipating a significant breakout to $10 and potentially higher to $40 based on wave pattern analysis. however, there's an acknowledgement of potential pullbacks before the major move.

Time Effect

Long

The analysis points to a longer-term horizon for the $10 and $40 targets, spanning the remainder of the bull cycle. however, there is anticipation of short term movement up to $2.222 and $2.40 soon.

Original Article:

Article Content:

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst XForce has commented on the recent XRP price pullback , claiming that this price correction is part of the plan as the altcoin eyes a historic breakout. The analyst predicts that XRP can reach double digits when this breakout happens. XRP Price Pullback Part Of Plan For Historic Breakout To $10 In an X post , XForce indicated that the recent XRP price correction is part of the plan for the historic breakout to $10. He stated that he has been calling for this exact pullback for months and remarked that the altcoin is inching closer to a historic breakout to $10 . The analyst added that progress may be gradual, but it is undeniable. Related Reading Crypto Analyst Reveals When The XRP Price Will Reach $25 – It’s Not Far Off 3 days ago In a video on his YouTube channel, XForce further explained why he is confident that the XRP price can still reach a new all-time high (ATH) . He highlighted a WXY corrective structure, which began at the start of the year, noting that this was just part of a larger bullish structure. He remarked that this corrective structure occurred as the market looked to cool off from the rally recorded in the first phase of this bull cycle. Source: XForce on X The crypto analyst stated that the XRP price is still going to witness a Wave 3, 4, and 5 move on the macro chart. This Wave 3 impulsive move is expected to take the altcoin to the $10 target before it then pulls back on Wave 4. XForce believes that XRP could rally to as high as $40 on the Wave 5 before this bull cycle finally ends. Meanwhile, the analyst alluded to the XRP/USDT chart while indicating that the bottom is already in for the altcoin, with the WXY corrective structure in Wave 2 already done. This means that XRP is now ready for a rally to the upside, with the move to $10 likely to start anytime soon. XRP Is Closer To An “Extreme Bull Run” In an X post, crypto analyst Dark Defender stated that the XRP price is closer to an extreme bull run in a very short time than market participants can ever imagine. He told market participants to keep an eye on $2.222 and $2.40 as the major resistance levels, while $1.8815 is the major support level. Related Reading XRP Price Pullback To $2 According To Plan For Historic Breakout To $10, Analyst Says Just now The crypto analyst suggested that the XRP price could still drop below $2 before it records this explosive move. He stated that the altcoin is expected to have three more waves in the smaller timeframes. As such, he advised market participants to keep an eye on the $1.8815 level again. At the time of writing, the XRP price is trading at around $2.18, up in the last 24 hours, according to data from CoinMarketCap. XRP trading at $2.18 on the 1D chart | Source: XRPEUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com