XRP Price Prediction: Analyst Forecasts $6 Target For Ripple

Crypto analyst tweeted insights on XRP’s price movement, predicting potential support levels at $0.4850 and $0.4864. According to the analyst, the top altcoin will likely rebound from these levels, with the chance of rising to $0.66 if it holds above support for three days. However, should it fall below $0.4864, it could retest the $0.3917 level.

Crypto analysts added that XRP is following the 5 Elliott Wave structure, and breaking above the orange resistance would mark a critical bullish shift, suggesting a sustained uptrend with no reversal. The chart indicates XRP’s path within this wave pattern, highlighting critical resistance and support points.

At the time of writing, the XRP price is $0.5203, up 1.92% in the past 24 hours. The Moving Average Convergence Divergence (MACD) indicator shows a gradual shift. The indicator, which measures momentum changes, hovers near the zero line, signaling a potential reversal. With Ripple’s IPO speculation fueling optimism, XRP could be positioned for a significant rally if technical conditions align and regulatory approvals advance.#XRPGoal #XRPPredictions #XRPVegas #XRPPredictions