Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off 📈
XRP could be on the brink of a major breakout as wave count analysis integrates Elliott Wave Theory with Wyckoff reaccumulation principles, identifying a crucial price level for take-off. Analysts suggest XRP has completed Wave 1 of a new impulse cycle and is entering sub-wave 3 of Macro Wave 5, potentially leading to a strong upward movement.
The analysis, shared by 'Charting Prodigy,' highlights $2.56 as the trigger point for XRP's significant rise, with potential targets between $2.9 and $3.4. Wyckoff accumulation structures, including phases like Preliminary Support and Last Point of Support, support this bullish outlook.
According to 'Egrag Crypto,' XRP is poised for a historic breakout. Past breakouts from similar setups have resulted in substantial gains. The key trigger is a decisive move above the 21-week timeframe, echoing XRP's explosive rally in 2017.
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