bullish

Strong

<ul class="wp-block-list news-points">
 <li><strong>XRP can skyrocket to the $6 price level if the Elliott Wave Theory holds true.</strong></li>
 <li><strong>XRP is undergoing a correctional phase which will be over soon, as per an analyst.</strong></li>
 <li><strong>The altcoin has surged 3% in the 24 hours and eyes $2.5.</strong></li>
</ul>
<p>XRP, the fourth-largest cryptocurrency in the digital asset space, is expected to carve its bullish path towards the $6 price level during a broader market meltdown. The altcoin rose 3.16% in the past 24 hours and trades at $2.35. It now aims for the third position in the market (held by USDT) with a valuation of $133 billion.</p>
<p>In a <a href="https://x.com/CryptoBull2020/status/1869767208882299057" target="_blank" rel="noopener noreferrer nofollow">post</a> on X (formerly Twitter), crypto analyst “CryptoBull2020” highlighted that XRP could reach $6 as the digital asset is almost finished with its correctional pattern. The analyst predicts a surge soon because the launch of RLUSD stablecoin fuels enthusiasm around the cryptocurrency.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfJIX1hFZLbbwDvDR7RgZV3Fpm89OkaeV31FNScU1X-jOpKajGvEC2NMWhebpH9l-Ij2_JQkV7njqDRawvkbSlnexpSnhizot5lPZ98Y82G7E9PdFPBHH6L4NpgSbemUQlsobELhQ?key=ZicVOWpV2TFFIZ4KL7IAzcLV" alt="">
 </figure>
</div>
<h2 class="wp-block-heading" id="h-elliott-wave-theory-and-xrp-s-fifth-wave">Elliott Wave Theory and XRP’s Fifth Wave</h2>
<p>The Elliott Wave Theory used by CryptoBull2020 aligns with XRP’s price movement. The fifth wave often marks a breakout and tends to be the most bullish stage, while the other waves boost momentum. During this phase, any pullbacks are short-lived, which appears to match the curren…</p>
<p>The post <a href="https://coinedition.com/bullish-xrp-edges-toward-6-powered-by-strong-wave-setup/" rel="noopener noreferrer nofollow">Bullish XRP Edges Toward $6, Powered by Strong Wave Setup</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bullish XRP Edges Toward $6, Powered by Strong Wave Setup

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