This is how XRP can break its all-time high within 2 months

Published by Cyber Flows on

The technical analyst Credible Crypto published a new XRP price analysis via YouTube a few hours ago. Using the Elliott wave theory, a method of technical analysis that looks for recurring long-term price patterns associated with ongoing changes in investor sentiment and psychology, he forecasts a sustained bull run for XRP.

As the analyst notes, after the consolidation in the $0.24 region, there was a strong upward momentum, as he expected. During the first wave, the XRP price rose to $0.33, after which it consolidated in the region by $0.21. Subsequently, the third wave began, which Credible Crypto analyzed as follows

I mentioned that the minimum target for the major third wave will be around $0.63. We have hit that minimum target, and now we can definitely go higher than one Dollar. This is the next major area of resistance. Then I am expecting some sideways movement before wave four, before a major wave fifth which could absolutely extend.


According to Credible Crypto, currently is not a good time to sell XRP. Considering past price movements and the current market sentiment, he believes it is not unlikely that the price could increase 10 times within a month.

However, this explosive price movement could also depend on the Bitcoin price. In earlier times, when Bitcoin broke through an all-time high, altcoins usually reached their all-time highs within 2 months. In this respect the analyst states:

In prior times Bitcoin broke an all-time high, the altcoins typically reached their all-time highs within 2 months. What that means is, as you already know from the first part of the video, I am expecting Bitcoin to break its all-time high with the next week or two weeks, […] I suspect XRP to break its all-time high within the next one or two months after Bitcoin breaks its all-time high.

But as Credible Crypto also pointed out, in the Elliott wave theory, it takes five waves to realize a parabolic rise. Currently, the third wave is not yet complete, which he expects to peak at $1.00, and has to overcome a strong resistance in the zone around $0.90. Thereafter, there could be a stronger correction (4th wave) to $0.78.

The analyst currently puts the “buy the dip zone” at $0.3761 to $0.4183, although in his opinion there is no guarantee that XRP will enter this zone again. The current dip to USD 0.45 could already have been the bottom. Furthermore, a breach below $0.33 is even less likely, although this would also invalidate the entire chart pattern.

As CNF reported, Credible Crypto is a well-known XRP bull and has already in several analyses predicted a price increase for XRP of more than 1,000% with a target price of 25 USD to 30 USD. At the time of writing, XRP was trading at 0.62 USD and showed a plus of 13% within the last 24 hours. The monthly chart shows a huge plus of 157%.


How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. 0

As you found this post useful...

Share it with your friends!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?


Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »