XRP Reaches a Consolidation Peak – Ready for an Unprecedented Price Rise

The cryptocurrency analyst XForce once again hinted at the 5-wave count to indicate when the price of XRP could reach a new all-time high (ATH) above $5. As part of his analysis, this analyst also stated that there is no reason to be pessimistic about this altcoin at the moment. XRP will rise above 5 dollars based on the 5 wave count. In a post on X, XForce shared an accompanying chart showing that XRP could rise above $5 when Wave 3 surges. This altcoin could even reach double digits and hit $13 as it increases. The chart also indicates that XRP will achieve this target by the end of the year or early next year. Based on the count of 5 Waves, XRP will then witness a price correction down to around 5 dollars at Wave 4 before rising to about 25 dollars at Wave 5, an impulsive move in the upward direction. XForce is confident that the current price action is going according to plan. He notes that the macro direction has been achieved with very little margin of error.

Furthermore, the cryptocurrency analyst remarked that everything from the Wave 4 triangle breakout to the expected pullback from 1 to 2 after the 5-wave impulse follows the blueprint. In line with this, he stated that there is no valid reason to adopt a bearish stance unless the market invalidates the bullish case for XRP. XForce also asserts that XRP falls within the bounds of two similar scenarios, but the extremely optimistic scenario of a double-digit price increase is becoming increasingly credible. The more conservative scenario for this altcoin is a price increase to 4 dollars, which could still mark a new all-time high for XRP. The analyst previously stated that all scenarios on the medium-term timeframe still indicate this altcoin reaching a new ATH in this market cycle. The merger of XRP has reached its peak. In a post on X, cryptocurrency analyst CasiTrades claimed that the XRP consolidation process has finally reached its peak and something significant is about to happen. She noted that this altcoin could either record a massive breakout or witness a sharp decline ultimately down to support levels that could trigger a breakout. Either way, XRP seems poised to rise in price soon. CasiTrades states that the price of XRP continues to struggle with the $2.25 level. As long as this level remains a resistance level, she claims it increases the likelihood of the altcoin dropping to support levels at $2.01, $1.90, and even $1.55. However, the analyst states that this is not a bearish target but rather a momentum zone, where the market captures the necessary liquidity to build momentum for Wave 3.