Rock

Silver

Dark

Read

<ul>
 <li>Analysts debate Ripple’s future, predicting either a significant drop or a bullish surge.</li>
 <li>Alessio Rastani predicts XRP could drop to 13 cents using Elliott Wave Theory.</li>
 <li>DarkDefender argues that XRP is set for a bullish move, likening it to Silver’s 2017 pattern</li>
</ul>
<p>The <a href="https://cryptonewsland.com/crypto-market-trend-shifts-from-red-to-green-signaling-bullish-future-despite-latest-market-dip/" rel="noopener noreferrer nofollow">cryptocurrency </a><a href="https://cryptonewsland.com/crypto-market-trend-shifts-from-red-to-green-signaling-bullish-future-despite-latest-market-dip/" target="_blank" rel="noopener noreferrer nofollow">market</a> is buzzing with debates about the future of Ripple (XRP), with prominent analysts offering conflicting predictions. One analysis comes from Alessio Rastani, a respected voice in the field.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Hi all, Yesterday, I watched an <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> analysis from <a href="https://twitter.com/alessiorastani?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@alessiorastani</a>. He is one of the most reliable analysts in the market, and I respect what he does.<br><br>So, it's an ongoing discussion, especially since Alessio Rastani anticipates XRP to hit a minimum of 13 cents and below by 2025.… <a href="https://t.co/d7vTiyPfH0" rel="noopener noreferrer nofollow">pic.twitter.com/d7vTiyPfH0</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1806274633387192492?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to <a href="https://x.com/alessiorastani?t=jid0UUddYu5P3Mju7drADQ&amp;s=09" rel="noopener noreferrer nofollow">Alessio </a><a href="https://x.com/alessiorastani?t=jid0UUddYu5P3Mju7drADQ&amp;s=09" target="_blank" rel="noopener noreferrer nofollow">Rastani</a>, XRP is currently in a corrective wave pattern, specifically an ABC correction, which could see its price drop to as low as 13 cents by 2025. Rastani bases his prediction on Elliott Wave Theory, a popular technical analysis method.&nbsp;</p>
<p>He argues that XRP is in the C wave of an ABC corrective pattern. In Elliott Wave Theory, C waves often mirror the length of A waves or extend up to 1.618 times the length of A waves. Rastani’s analysis hinges on this principle, suggesting a significant decline in XRP’s value.</p>
<h2 class="wp-block-heading" id="h-contrasting-views-nbsp">Contrasting Views&nbsp;</h2>
<p>Not everyone agrees with Rastani’s bearish outlook. <a href="https://twitter.com/defenddark?lang=en" rel="noopener noreferrer nofollow">Dark </a><a href="https://twitter.com/defenddark?lang=en" target="_blank" rel="noopener noreferrer nofollow">Defender</a>, another well-regarded analyst, has voiced a contrasting perspective. DarkDefender contends that XRP has already completed its C wave and is poised for a bullish move.&nbsp;</p>
<p>According to Dark Defender, XRP is in Wave E, not Wave C, and the five-wave corrective structure has already played out. This interpretation indicates that the corrective phase is over, and XRP is set for an upward trajectory.</p>
<p>Dark Defender’s analysis draws parallels with historical patterns observed in other assets, like Silver in 2017. He points out that Silver experienced a similar impulsive wave followed by an ABCDE corrective structure, which ultimately led to a significant bullish wave.&nbsp;</p>
<p>Applying this analogy to XRP, DarkDefender suggests that <a href="https://cryptonewsland.com/xrp-price-outlook-analyst-forecasts-bullish-rebound-after-bottoming-out/" rel="noopener noreferrer nofollow">XRP’s surge is </a><a href="https://cryptonewsland.com/xrp-price-outlook-analyst-forecasts-bullish-rebound-after-bottoming-out/" target="_blank" rel="noopener noreferrer nofollow">imminent</a><a href="https://cryptonewsland.com/xrp-price-outlook-analyst-forecasts-bullish-rebound-after-bottoming-out/" rel="noopener noreferrer nofollow">.</a> While both analysts agree on the current corrective phase, their interpretations diverge significantly.&nbsp;</p>
<p>Rastani sees further downside potential, warning that XRP could fall to 13 cents. In contrast, DarkDefender believes the worst is over, pegging 39 cents as the critical support level before an anticipated bullish surge.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/binance-participates-in-series-c-funding-of-mythical-games-gamefi-platform/" rel="noopener noreferrer nofollow">Binance Participates in Series C Funding of Mythical Games GameFi Platform</a></li>
 <li><a href="https://cryptonewsland.com/xrps-bullish-momentum-analyst-predicts-key-rally-in-crypto-market/" rel="noopener noreferrer nofollow">XRP’s Bullish Momentum: Analyst Predicts Key Rally in Crypto Market</a></li>
 <li><a href="https://cryptonewsland.com/xrp-hodlers-await-poetic-justice-as-grand-wave-nears/" rel="noopener noreferrer nofollow">XRP HODLers Await Poetic Justice as Grand Wave Nears</a></li>
 <li><a href="https://cryptonewsland.com/50-cents-gunit-token-hack-is-celebrity-influence-in-crypto-more-harm-than-help/" rel="noopener noreferrer nofollow">50 Cent’s GUNIT Token Hack: Is Celebrity Influence in Crypto More Harm Than Help?</a></li>
 <li><a href="https://cryptonewsland.com/man-mistakenly-sells-1m-clipart-rock-nft-for-1-cent/" rel="noopener noreferrer nofollow">Man Mistakenly Sells $1M Clipart Rock NFT for -1 Cent</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/experts-debate-ripples-xrp-future-abc-correction-or-grand-wave-3/" rel="noopener noreferrer nofollow">Experts Debate Ripple’s XRP Future, ABC Correction, or Grand Wave 3?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Experts Debate Ripple’s XRP Future, ABC Correction, or Grand Wave 3?

Mục lục

Crypto News Land

Các bài viết khác được xuất bản trên 28 thg 6, 2024

Denmark Plans to Regulate Self-Custody Bitcoin Wallets

SEC Sues Consensys Over MetaMask Ethereum Staking Service

Crypto Trader Says He’s ‘Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400

DWF Labs Partners with Gatto Game to Expand in Asia

Kraken CEO Jesse Powell Donates $1M in Trump Campaign

BlackRock’s Unexpected Step Sparks Bitcoin Reaction: Full Breakdown

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!