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Crypto

XRP rebound may be a trap as Elliott wave points to possible further drop

XRP has rebounded from recent lows, but analysts say the current correction may not be over under Elliott wave structure, leaving room for another decline. The 1-hour chart has yet to form the structure needed to confirm a trend bottom, raising the possibility of a retest of support. Key support is seen at $1.10 to $1.38, while resistance is placed at $1.44 to $1.60. U.S. spot XRP ETFs logged $18.96 million of net inflows over the past week.

Crypto

XRP hits $3 then plunges to $0.74? \'Two more bear-market waves left\'

An analysis said XRP could face two more major price waves before the bear market ends even if it extends a short-term rebound. Market analyst RWA_Investor said XRP may rise first to $1.87 to $2.11 and target $2.64 to $3.09, then undergo another large correction. The analyst put a final Wave Z target at $0.7451, about 46 percent below current levels. XRP traded near $1.39.

Crypto

XRP could top $20 if past surge cycles repeat, analysis shows

An analysis says XRP could rise above $20 if it repeats gains seen in three past rally cycles. Crypto analyst Egrag cited past rises of 2,405 percent, 1,002 percent and 1,250 percent. Using the geometric average gain of 1,444 percent on a current price of about $1.40 implies about $21.62. Other calculations put targets near $14.77 or $12.55, while another analyst warned of volatility and possible pullbacks to $1.42 or $0.7451.