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XRP Price Prediction: Wave 3 Countdown Begins as Bulls Target a 2,000% Rally
['Brian Njuguna', 'Brian Njuguna Is A Seasoned Crypto Journalist At Coinpaper', 'Specializing In Blockchain Innovation', 'Market Trends', 'Regulatory Developments. With A Background In Economics', 'Years Of Experience Covering The Digital Asset Space', 'Brian Delivers Sharp', 'Data-Driven Insights That Cut Through The Hype. His Reporting Bridges Global Crypto Narratives With Emerging Market Perspectives', 'Making Complex Topics Accessible To A Wide Audience.', 'Min Read']
Coinpaper
At the core of EGRAG's bullish outlook is a developing bullish divergence between XRP's price and the Relative Strength Index (RSI).
From an Elliott Wave perspective, Wave 2 represents the corrective phase following the initial impulsive rally.
A deeper correction toward $0.60-$0.52 would represent the final major support zone before the long-term bullish outlook is significantly weakened.
Since Wave 1 delivered roughly a 1,200% advance, Elliott Wave theory suggests Wave 3 could be even larger.
This outlook translates into long-term price targets of $6.42, $13.37, $22.55, $29.63, and ultimately $43.83 if the full Elliott Wave structure unfolds as anticipated.