While the crypto currency market was being moved again, the new price estimated investors for the XRP stunned. Expert analyst Dark Defender claimed that the XRP price could reach $ 77.7 in this bull cycle. Moreover, if there is a partnership between Ripple and SWIFT, there are those who say that the price can rise up to $ 1,000. These claims are based on technical analysis, fibonacci levels and Elliott wave theory.
Giant rally scenario in 5 waves for XRP
Dark Defender reveals a five -stage rise scenario based on Elliott Wave Theory in his analysis. In particular, the third wave will be the most powerful leap. During this wave, the price of XRP is expected to reach the range of 5 to 8 dollars. Then a short correction process is envisaged with the fourth wave.
The fifth and the last wave represents the big jump. In this wave, the price of the XRP may rise up to $ 77.7. This estimate is based on expanded fibonacci calculations. If this scenario occurs, the XRP price will pass by multiplying its highest level in history.
What do technical indicators and graphic formations say?
According to the analyst, this rise scenario is based not only on theory, but also on strong technical signals. RSI (Relative Power Index) and Momentum -based indicators still point to a strong procurement pressure in monthly time periods. In addition, volume clusters have started to concentrate in a similar way to past bull cycles.
In particular, the graphic structures observed in previous market cycles are now re -seen on the XRP graph. These historical similarities can be a harbinger of a potential rise in the XRP price. In other words, not only technical analysis, but also investor psychology can support this big leap.
XRP: SWIFT partnership can fly the price
The most striking estimate of investors is the scenario that XRP can reach $ 1,000. According to this prediction, a possible cooperation with Ripple with SWIFT may emphasize XRP as liquidity solution in international money transfers. This can create an explosion in corporate demands.
If such a partnership occurs, the demand for XRP may increase dramatically. This prepares the ground for the price of the price beyond the estimates. Of course, the realization of this possibility depends not only on technical, but also in political and institutional developments.
New targets after the SEC Case
On the other hand, another analyst, Ekrag Crypto draws a positive script for XRP. According to him, the price can climb to the $ 5-6 band in the first stage and then to $ 10. This expectation is based on the resolution of the case with the US Securities and Stock Exchange Commission (SEC).
Fibonacci levels also stand out in the analysis of Ekrag. In particular, the permanent monthly closures of FIB 1.0 shows that the price maintains its power. According to him, a rally towards FIB 1.618 can carry XRP to $ 10 in the short term.
