Ripple’s Strategic Reserve Plans Ignite XRP Bulls’ $6 Breakout Hopes as Social Buzz Explodes ⋆ ZyCrypto

Wall Street Expert Convinced Ripple Will Go Public In May 2024: Can It Drive XRP Price To $10?

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XRP has rebounded from a low of $2.92, reclaiming the key $3 psychological level and now trading at $3.01, signaling renewed bullish momentum.

According to market analyst DavidTheBuilder, XRP may be entering the corrective or consolidating Wave 4 of the Elliott Wave cycle.

He pointed out, “I’ve been tracking XRP’s wave structure closely, and based on multiple analysts’ charts, it looks like we’re deep in Wave 4 consolidation right now. The key? Holding above that $3.07–$3.03 zone. If we manage that, the setup for Wave 5 looks explosive.”

Source: DavidTheBuilder

Wave 4 marks a temporary pullback or sideways consolidation following a strong Wave 3 rally. Unlike the sharp decline of Wave 2, Wave 4 is typically shallow and more complex, setting the stage for the final surge in Wave 5.

In the current setup, Wave 3 ignited a bullish surge that propelled XRP to a new all-time high (ATH) of $3.65, a scenario not seen in more than seven years.

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Therefore, Wave 4 consolidation is a crucial cooldown after the impulsive Wave 3 rally, signaling market hesitation while laying the groundwork for the decisive Wave 5 move.

If Wave 5 sees the light of day, a top analyst predicts XRP surge to $6 amid soaring wallet growth and explosive social buzz.

Furthermore, XRP bulls are eyeing the $5 breakout, thanks to Ripple unveiling landmark strategic reserve plans.



Source: https://zycrypto.com/ripples-strategic-reserve-plans-ignite-xrp-bulls-6-breakout-hopes-as-social-buzz-explodes/