This content represents a concise summary of an detailed Analysis from a Cryptocurrency Analyst discussing the potential movements of the信息化 Wave (Elliott wave) theory applied to the X黄金 coin (XRP). The analysis highlights the analyst’s observations and predictions, focusing on existing corrective phases and potential price targets.
—
### 1. Introduction to the Analysis
The analysis begins by presenting the analyst’s approach, emphasizing the use of the “Elliott Wave” structure as a tool to evaluate XRP’s price movements. By juxtaposing this structure with XRP’s 2017 fractal, the analyst identifies potential key price levels, such as $22 and $24, where XRP could experience a significant rise.
—
### 2. Current Position and Wave 2 Corrections
The analyst discusses XRP’s current position within the corrective phases, specifically mentioning Wave 2. It is described as retracing a significant portion of Wave 1, with levels like 50%, 61.8%, and 76.4% revisited.
If the bearish pressure remains in Wave 2, a double bottom could form, leading to a double correction before Moving Up Class (MU) wave的情景 potentially begins. The analyst maintains that Wave 2 is likely the last of corrective phases before the MU wave initiates, RuntimeObjectWave 3 risk that could drive XRP into territory as high as $22 to $24.
—
### 3. Speculative Corrections and Price Targets
The analyst explores the possibility of larger market corrections. By applying the standard Elliott Wave Golden Wave extension rule, the analyst projects a potential $13 increase or $20-maximum for the near-term. Scaling up, the analysis suggests the wave could push XRP to even triple-digit prices, offering lucrative opportunities.
—
### 4. Alignment with Historical Context and Speculative Possibilities
The analyst compares the current wave structure to XRP’s performance in 2017, noting similarities with the 2017 bull run. The identified wave volumes, includingdling wave 4 and a 38.2% retracement visualization, reflect the analyst’s confidence in the potential moves. The price could reach even higher targets, such as $100, though these predictions remain speculative.
—
### 5. Conclusion
In summary, the analysis concludes with a Members perspective on the current market mood, citing recent bearish trends – evidence of sellers emerging to beat a $20 saddle point. The summarization does not reveal immediate confirmation but sets the stage for future technical analysis.
The provided content ends here.
