XRP's price increased 15% in the past week, reaching a low of $1.61. Technical analysts predict a sustained close above $2.20 could trigger a significant price reversal. Reclaiming $2.20 is crucial, potentially leading to a rise towards $2.50. The price has already regained key support levels, including the December 2024 value area and the election VWAP. A strong support level exists at $2.10, coinciding with the 100-day EMA. Analyst Maelius forecasts XRP could reach $10 by year's end, potentially even $15-$20 in 2026 based on Elliott Wave Theory. This prediction hinges on the completion of a specific wave pattern, mirroring a similar pattern from 2017. Analyst XForceGlobal also sees XRP in a major bull market, potentially reaching all-time highs. A symmetrical triangle pattern suggests a possible rally to over $3.50. Remember, this information is not financial advice; conduct thorough research before investing.
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cointelegraph.com
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