CandleFocus XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85
2024-12-12
Author: Content Editor
Crypto analyst Dark Defender predicts that XRP could reach a new all-time high (ATH) of $5.85 based on wave analysis, indicating that XRP is still bullish. Dark Defender previously predicted a market top for XRP at around $18 based on Elliott Wave theory. The goal currently is for XRP to surpass its current ATH of $3.80 and reach $5.85. This bullish outlook is supported by the approval of the RLUSD stablecoin by New York, which Ripple's CEO has confirmed will launch soon. The RLUSD launch is seen as a significant event that could inject more liquidity into the XRP ecosystem and potentially spark a surge in the XRP price. Additionally, experts predict that the US SEC could dismiss its appeal against Ripple under the new administration, further boosting confidence in XRP and potentially leading to a bull run. Currently, the XRP price is trading at around $2.34, up over 8% in the last 24 hours.
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