whqqq wrote a post · Jul 5, 2024 11:41

XRP Stars Align: Indicators Point To Possible 7,500% Rally To $35

A crypto analyst, Tylie Eric, predicts a substantial rally for XRP. According to Eric, XRP is poised to rebound from its bearish trends and soar to new all-time highs, potentially reaching $36.36 before the end of 2024.

XRP To Mirror 2017 Rally
Eric shared an XRP price chart showing its movements from 2014 to 2025, noting XRP has met all the conditions for a potential bull rally. He believes XRP is set to continue with “wave 3 and wave 5” of the Elliott Wave Theory. This theory uses long-term price patterns to predict movements.

Eric indicated that XRP is displaying similar patterns to those seen during its 2017 rally, which led to a surge to $3.84 in 2018. He projects a 7,637.22% surge for XRP to reach his price target.

Current Price and Market Conditions
As of now, XRP is trading at $0.45, reflecting a 4.12% decrease in the past 24 hours and an 11.71% drop over the past month. XRP has faced declines since June, driven by market volatility and Ripple’s legal battle with the SEC.

Bullish Sentiment Rises
Despite its current price, bullish sentiment for XRP remains strong. Analyst ‘Egrag Crypto’ predicts XRP could reach $27, urging investors to stay optimistic. Egrag noted XRP nearing the Fibonacci 1.618 level, which could indicate areas for a price reversal or continuation.