Expert Predicts XRP Price Rally To $32 After 8 Months Consolidation Pattern
The post Expert Predicts XRP Price Rally To $32 After 8 Months Consolidation Pattern appeared on BitcoinEthereumNews.com. XRP price may be preparing for a major move as it completes a long consolidation phase. Experts believe this setup could trigger a rally toward $32 or more. The forecast comes amid technical patterns, increased activity on the network, and ongoing institutional developments. A recent analysis from CrediBULL Crypto shows XRP price consolidating above its previous monthly all-time high which suggest that XRP is close to a strong upward move. XRP Price Consolidates Above Previous Cycle High XRP price has stayed above its earlier monthly all-time high of $1.90 for over eight months. The asset broke past that level during a sharp move from $0.50 to a local high of $3.60. Since then, it has remained in a narrow trading range. On the monthly chart, XRP shows a bullish consolidation just below the $3.60 level. Each monthly candle has closed above the $1.90 support, which was previously a major resistance. This pattern suggests buyers are active and may be preparing for the next price movement. Source: XThis feature has attracted attention to the structure that appears in a clean form. Compared to a lot of other altcoins, XRP trend has seen less correction and a longer-term direction. This is seen by some analysts as a precursor to the next big move. Elliott Wave Model Projects Multi-Leg Breakout The Elliott Wave model by CrediBULL Crypto refers to the upward move between $0.50 and $3.60 as Wave (i). The recent sideways trend is viewed as Wave (ii) that may be followed by more forceful Wave (iii) impulse. The most elongated aspect of the Elliott cycle usually is the wave (iii). In the case of XRP, this next leg is estimated at between $8 and $12. Subsequently, Wave (iv) can bring XRP price to $32 by 2026. This is supported by the trend…
The post Expert Predicts XRP Price Rally To $32 After 8 Months Consolidation Pattern appeared on BitcoinEthereumNews.com.
XRP price may be preparing for a major move as it completes a long consolidation phase. Experts believe this setup could trigger a rally toward $32 or more. The forecast comes amid technical patterns, increased activity on the network, and ongoing institutional developments. A recent analysis from CrediBULL Crypto shows XRP price consolidating above its previous monthly all-time high which suggest that XRP is close to a strong upward move. XRP Price Consolidates Above Previous Cycle High XRP price has stayed above its earlier monthly all-time high of $1.90 for over eight months. The asset broke past that level during a sharp move from $0.50 to a local high of $3.60. Since then, it has remained in a narrow trading range. On the monthly chart, XRP shows a bullish consolidation just below the $3.60 level. Each monthly candle has closed above the $1.90 support, which was previously a major resistance. This pattern suggests buyers are active and may be preparing for the next price movement. Source: XThis feature has attracted attention to the structure that appears in a clean form. Compared to a lot of other altcoins, XRP trend has seen less correction and a longer-term direction. This is seen by some analysts as a precursor to the next big move. Elliott Wave Model Projects Multi-Leg Breakout The Elliott Wave model by CrediBULL Crypto refers to the upward move between $0.50 and $3.60 as Wave (i). The recent sideways trend is viewed as Wave (ii) that may be followed by more forceful Wave (iii) impulse. The most elongated aspect of the Elliott cycle usually is the wave (iii). In the case of XRP, this next leg is estimated at between $8 and $12. Subsequently, Wave (iv) can bring XRP price to $32 by 2026. This is supported by the trend…
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