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CoinGape 2024-12-31 19:28:10

Analyst Predicts XRP Price Rebound To $2.60, Here’s How

Analyst Predicts XRP Price Rebound To $2.60, Here’s How

Crypto analyst CasiTrades has provided some optimism as she predicts that the XRP could rebound to as high as $2.60. This came as she revealed that the crypto has found its local bottom. XRP Price Rebound To $2.60 On The Cards In an X post, CasiTrades predicted that the XRP price could rebound to $2.60. She stated that XRP had found its local bottom and held strong without making a new low below Wave C. She remarked that this is key for the D wave. While analyzing the sub-waves left in the D wave, CasiTrades stated that her next targets are $2.25 and $2.40. She expects this wave to extend toward $2.40, with the final 5th subwave reaching $2.60 to complete the D wave. The analyst added that she would closely watch how the subwaves form and how the price behaves around $2.60. CasiTrades also mentioned that a resistance at $2.60 is expected, but there is a chance that the E wave will fail and XRP will push into new highs earlier than expected. Meanwhile, the analyst’s accompanying chart showed that XRP could dip to $2.3 on the E wave and then rebound to as high as $2.80. This rebound to $2.80 could then pave the way for the crypto to rally to new highs. Crypto analysts like Ali Martinez have also provided a bullish outlook for the XRP price heading into the new year. The crypto analyst predicted that the crypto could rally to as high as $11 in 2025. Analysis Of The Bull Market Support Band In an X post , crypto analyst Egrag Crypto provided an in-depth analysis of the Bull Market Support Band (BMSB). He stated that the bulls are fiercely defending the BMSB. The analyst noted that when the BSMB surpasses $2, it signifies a strategic advantage. In line with this, he remarked that as long as the XRP price remains above $2, the BMSB should ideally catch up and stabilize above this level. Egrag Crypto further remarked that achieving this would be a tremendous gift at the start of 2025, demonstrating that the Bears are unable to push prices below $2 due to the strong defense from the Bulls. The crypto analyst has high expectations for the XRP price in 2025, predicting that the crypto could reach $27 next year. He explained that such a parabolic rally could happen since XRP witnessed a 50,000% in 2017. The post Analyst Predicts XRP Price Rebound To $2.60, Here’s How appeared first on CoinGape .

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