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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key

Scott Matherson
Scott Matherson
2 days ago
3 mins read
XRP

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Crypto expert XForceGlobal has issued a new bullish forecast for the XRP price, predicting that the third-largest cryptocurrency is gearing up for its biggest rally yet. With the Elliott Wave Theory as the key indicator for this move, the analyst believes that XRP could soon see a potential surge between $20 and $30 this bull cycle. 

XRP Price Forecasted To Rise To $27

In his video analysis posted on X social media, XForceGlobal predicted that XRP is on the cusp of an explosive breakout to $27. The market expert began his analysis by highlighting that XRP’s volatility has crashed to rock bottom, marking the first time in the cryptocurrency’s history that it has reached such levels. 

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XRP

Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key

2 days ago

Currently, the cryptocurrency is trading close to all-time highs and has been moving within a tight range between $1.5 and $3.8 for six months. XForceGlobal calls this trade range an “unprecedented price action,” which XRP has never experienced on the macro level.

XForceGlobal also noted that XRP’s persistent range-bound trading is likely due to investors refusing to sell off their tokens. He revealed that nearly all momentum indicators are aligning in favor of a move toward new all-time highs. More importantly, signals from the Elliott Wave Theory support that XRP may be on the verge of a powerful breakout soon.

Using this theory, XForceGlobal explains that XRP is currently entering Wave 3 after experiencing a five-wave move that triggered a surge from $0.37 to above $2.4, followed by a three-wave correction toward $1.5. The analyst explained that within the Elliott Wave Theory, Wave 3 is typically the strongest and longest wave. As a result, he predicts that the XRP price is likely going to hit an initial target around $16.3 soon, making it significantly more profitable than the historic December breakout, when the cryptocurrency surged from its long-held $0.5 range to above $2. 

Following the completion of Wave 3, XForceGlobal predicts that XRP will possibly experience a crash toward $6 in Wave 4. After this correction, the cryptocurrency is expected to begin forming Wave 5, which is where its price is projected to skyrocket toward $27. 

XRP Alternative Bullish Case

During his video analysis, XForceGlobal suggested that while XRP could potentially surge to between $20 and $30 in Wave 5, this outcome isn’t guaranteed. If it does not play out, the alternative scenario involves a much longer corrective phase within a flat structure. This is anticipated to be followed by a potential breakout above $4 in Wave 3 before a much powerful rally into the double-digit territory. 

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XRP’s 30% Jump To $2.8: Analyst Says This ‘Classic Confirmation’ Must Happen First

5 days ago

He predicts that once XRP climbs above $4, it could undergo a sharp correction down to $1.56, representing wave c of the five-wave impulse move. Notably, XForceGlobal admitted that it is still challenging to determine which of the two bullish scenarios is more likely to unfold at this time. However, the analyst emphasizes that regardless of which scenario unfolds, XRP will still be aiming for the upside and retesting the $4 level.

XRP
XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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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
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