The XRP is currently in the green to $ 2.22. Market analysts are watching closely, as recent movements have opened the possibility of further gains. Looking at the 4-day chart, Said an analyst There are two major possible situations for the XRP price direction:
1. The yellow scenario (more likely)
This situation shows the XRP that will continue to rise, probably reaching a new all-time high before undergoing a major correction. This structure follows a pattern of five waves that started from the low XRP in 2013. If it performs, a correction can be followed, possibly pulling the price up to $ 0.40- $ 0.50, similar to conducting the previous market.
2. The white scenario (alternative)
This situation shows that the current bull market really started in 2020, not 2013. The XRP is possibly in the final wave of a smaller switch of five waves. In fact, a smaller but significant correction can be observed, possibly lasting for up to a year.
Despite the uncertainty, both situations expect another price increase, especially as the XRP holds above the main support level of $ 1.20. If this happens, the XRP can increase to $ 5.60 or even $ 6.60.
Short -term perspective
From a shorter perspective, the XRP appears to form a five waves to move from low April. However, the pattern is not yet clear. If the XRP stays above $ 2.12, prices can continue to rise. But if it drops below that level, we can see a correction with support between $ 1.84 and $ 2.10.
