news 
Analyst Makes Bullish Projection As XRP Enters Final Wave
XRP appears to be entering the final phase of its market cycle, a period marked by significant upward momentum. According to Xoom (@Mr_Xoom), a renowned crypto expert and head of marketing at XRPMarkets, the token is currently navigating through the last leg of a classic five-wave Elliott Wave structure.
In his recent analysis, Xoom provides an in-depth view of XRP’s trajectory, contradicting some recent claims about the asset’s wave positioning. Xoom highlights that he has seen multiple individuals on X talk about how XRP is situated within wave 3, which simply isn’t accurate. In reality, Wave 3 was when XRP skyrocketed from $0.50 to $3.39, a massive increase of approximately 575%. The current upward trend is a part of the final phase, dubbed Wave 5.
As per his chart, Xoom underscores that targets for this wave would be in the range of $7-$10, equivalent to a staggering gain of 320% to 500% from present levels. While this increase may not be as substantial as the surge witnessed during Wave 3, it still suggests significant upward momentum remains.
While some analysts might have been anticipating an extended Wave 3 ahead, Xoom’s analysis implies that XRP’s strongest upward phase has already taken place. Nonetheless, the projected target zone of $7-$10 offers considerable upside potential and could see XRP reach a new all-time high.
For those unfamiliar with Elliott Wave theory, it is essential to note that this methodology relies on identifying patterns and trends within financial markets, which can aid in predicting price movements and anticipating market shifts.
Source: timestabloid.com
