Cryptocurrency analyst XForce has provided insights on the recent XRP price correction, framing it as a strategic step toward a historic breakthrough. According to the analyst, XRP is poised for double-digit gains once this consolidation phase concludes.
XRP's Price Correction: A Prelude to the $10 Breakthrough
In a detailed X post, XForce emphasized that the current pullback aligns with XRP's long-term trajectory toward the $10 milestone. Key points include:
- The correction was anticipated months in advance as part of a larger bullish pattern.
- Progress remains steady despite slower short-term movements.
- The WXY corrective structure (initiated earlier this year) represents a cooling-off period after the first bullish phase.
Wave Analysis: Roadmap to $40
XForce's macro-level wave analysis outlines five critical phases:
- Wave 3: Expected to propel XRP to $10 with strong upward momentum.
- Wave 4: A subsequent retracement following the peak.
- Wave 5: Potential rally to $40 before the cycle concludes.
Technical indicators suggest the WXY correction (Wave 2) is complete, positioning XRP for imminent upward movement.
Near-Term Outlook: Dark Defender's Perspective
Analyst Dark Defender highlights bullish signals:
Key Levels:
- Resistance: $2.222–$2.40
- Support: $1.8815
- Short-term volatility may push prices below $2 before the anticipated surge.
👉 Explore real-time XRP price trends
Current Market Data
At publication time, XRP traded at $2.18, marking a 24-hour increase (CoinMarketCap).
FAQ Section
Q: Why is XRP experiencing a price correction?
A: This pullback is part of a planned consolidation phase preceding a major upward movement, as analyzed by market experts.
Q: What’s the long-term price target for XRP?
A: Analysts project $10–$40 during this market cycle, contingent on broader crypto market conditions.
Q: How reliable are these price predictions?
A: While based on technical patterns, cryptocurrency markets remain volatile. Always conduct independent research.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Adhere to local regulations regarding cryptocurrency transactions.
**Keywords**: XRP price, cryptocurrency analysis, $10 breakthrough, wave analysis, Dark Defender, XRP/USDT, price correction, bullish pattern
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