Search results for Elliott Wave Theory
Crypto
Shiba Inu down 90 percent from 2021 peak; conditions for trend reversal
Shiba Inu is down more than 90 percent from its 2021 peak and remains trapped below a long-term resistance line, an analysis said. The market is watching whether it can reclaim $0.0000070 and the area near $0.0000100, while holding support around $0.00000600. Technical indicators remain bearish, though a short-term chart shows some stabilisation signals after a correction, with a possible move back above $0.00000720.
Crypto
XRP rise scenarios point to split between $14 and $42 final targets
XRP is moving within two different Elliott Wave structures, and its eventual price target could depend on which path plays out, an analysis said. One scenario points to a fifth-wave target of $12 to $14.5 after a fourth-wave correction. Another scenario also puts the next move around $14, but leaves room for a later run toward $42 after another pullback. XRP has rebounded to above $1.45 after an April low of $1.34.
Crypto
XRP may track gold’s trend as bull run already begins
An analyst forecast says XRP could jump to $8 to $10 in 2026 if it follows a long-term rally pattern seen in gold. Cointelegraph cited the analyst as estimating XRP has upside potential of 230 percent to 310 percent from current levels if it repeats a “fractal” structure. The analysis also flags risks that XRP’s chart resembles an early stage of the 2021 to 2022 downturn. A decisive break above the 100-week EMA is seen as key.