XRP analyst targets breakout to $2, eyes $10.11 wave after 470% rally

XRP, the cryptocurrency developed by Ripple Labs for fast, low-cost global payments, may be poised for a significant price move, according to technical analyst Dark Defender. The analyst has outlined an Elliott Wave scenario pointing to a potential surge in XRP’s value, citing key structural and momentum signals on the 10-day chart. After spending months consolidating, XRP’s chart now reflects a completed Wave 1 and a technically finalized Wave 2 phase, as suggested by Dark Defender. The analyst notes that, despite recent volatility, XRP’s current structure remains intact, with indicators showing a setup for the next major phase.

Source: CoinTurk News