Crypto
XRP Could Rally Up to 2,000% to $43.83, Analyst Projects
Crypto analyst Egrag Crypto has outlined a potential path for XRP to rally up to $43.83, targeting gains of 1,900% to 2,000%, as it completes Wave 2 of a larger upward cycle.
The analysis combines classic tools: Relative Strength Index divergence and Elliott Wave theory. Egrag pointed to a bullish RSI divergence between XRP's price and its RSI, a setup that often signals weakening downside momentum.
According to Egrag, XRP must first reclaim resistance bands at $1.30-$3.60 before a new impulse phase would be confirmed. A decisive close above the previous Wave 1 high is seen as the clearest signal that Wave 3 has begun.