XRP's Potential Path: Analyst Sees $4 and $8 Targets
Carolina, a crypto enthusiast and analyst, has shared her latest chart on XRP's long-term Elliott Wave structure. She believes that the cryptocurrency could move towards $4 before potentially advancing toward $8 if the projected wave structure develops as expected.
The analysis uses Elliott Wave theory to interpret XRP's longer-term price movements, dividing major market phases into impulse and corrective waves. The chart shows previous waves A, B, and C, followed by a new numbered wave structure.
Carolina sees $4 as the first major level that XRP could reach if the projected structure continues to develop. She also identified $8 as a more aggressive target, within the projected Wave 3 advance. The chart extends that final projection toward the $20 area.
However, Carolina stresses that her forecast is speculative and represents 'a prediction, not a guarantee.' She emphasizes that the long-term structure remains interesting and could shape XRP's next major market cycle.