The XRP price is flashing ups star-news.press/wp

The price of XRP again acquires the attention of the market because it restores critical support levels and the daytime of breaking textbooks. with Momentum And the references to the upcoming continuity alignment, analysts say the basis may be in place 3 powerful wave– One can send XRP to the height beyond the sign of $ 3.

XRP price explosive eyes 3 rally

In X somewhat detailed (previously Twitter) mail On July 7, Casitrades, a prominent analyst and experimental, participated new visions on XRP future price movementsPrediction to form the following penetration and highlight the possibility of a powerful 3 wave mobilization. The analyst stated that XRP is currently flashing Strong upward signalsWith the compatibility of modern price movement with classic technical patterns, indicating that there is a large outbreak over $ 3 may be soon.

Looking at the analysis of the plans in Casitrade, it seems that XRP has completed a textbook The monotheism stage It has now regained the level of $ 2.25, which was the top of the multiple levels Symmetric triangular structure. It is worth noting that the restoration came after a short fake to the negative side. The level of $ 2.25 is also in line with the Rerrration 0.382 Fibonacci, which represents it as a mainly maccon -resistant area that has turned into support.

Currently trading over $ 2.3, Casitrades revealed that XRP tests local resistance. She pointed out that the confirmed penetration over this region can open the path to the top goals of the Vibonacci top $ 2.69 and $ 3.04. These levels are also compatible with 1.618 and the height of the Fibonacci extensions of the previous gathering wave.

Casitrades also highlights that XRP (RSI) It goes up and remains under the excessive areas of the peak, which supports the continuous bullish momentum. Also notes that XRP builds this strong setting independently, without any budget operator Bitcoin (BTC) Or a major news stimulus.

Moreover, the expected step for XRP was It was identified As 3 out of 3 in Elliot wave theory. While the exact upper part of this wave setting has not yet been determined, Casitrades Confirm The collapse itself can determine the structure of the wave 3, which allows more accurate drop to upward goals as the assembly reveals.

Correction 4 to stimulate the collapse of 40 %

the next The upcoming rise to XRP And completing the peak of the expected wave 3, Casitrades Expected The encrypted currency can soon enter an important The corrective stage in the form of the wave 4. This price correction is expected to recover approximately 40 % of the height of penetration, depending on where the wave 3 is at the forefront.

analyst Refer There is a possible schedule for wave 3, with reference to the expected main Fibonacci convergence in late July that can not only determine the top, but also at the potential start of wave 4. For example, Casitrades notes that if XRP extends to a goal of $ 6.5, it is possible that the resulting decline leads to re -testing towards Current at all Near $ 3.84.

Distinctive image from Getty Images, Chart from TradingView.com

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