The possibility of a ribal price at $ 10, according to an analysis which uses the theory of Elliott waves. Is the price greatly increased in the midst of improving macroeconomic conditions?
The price of Ripple-XRP decreased by 2% within 24 hours to $ 2.14, after the prices of the majority of digital currencies decreased during the weekend; Despite the recent indication of whales (adult merchants) – including the transfer of 29.5 million XRP currencies worth $ 64.4 million at Coinbase – the possibility of price pressure at the foreseeable duration, this may also indicate a strategic decision to anticipate significant price increases. Significant transfers generally require concerns, but they do not always lead to a major sale, especially when the general mood of investors becomes optimistic.
– What alert (@whale_alert) May 3, 2025
The weekly plan for the price of the XRP currency indicates the formation of an artistic model which has long been followed by large altitudes in previous market courses, which should considerably increase the price. If this model is repeated, the current decline can represent the start of significant price increases, which corresponds to the optimistic price of the price of undulation in the coming weeks.
The possibility of a ribal price at more than $ 7 if this historical style is repeated
An analysis using the theory of waves Issoott suggested that the XRP price in the last stage of its last ascending direction is and to record significant movements to the region of $ 7 in the coming months.
Current price movements are similar to the Ribel Prize movements in November 2020, where the average average index of Si MI movements exceeded 21 days (EMA-21) its 200-day counterpart (EMA 200), then the price went from $ 0.697 to around $ 2 in just 6 months.
The scenario was also repeated in November of last year, followed by the approach to the price of its highest levels of all time. If this historical style is repeated, the price should reach $ 7 soon. On the other hand, Momentum indicators have evolved on the weekly price plan to positively improve optimistic expectations, while the negative readings of the MACD index have decreased.
And as long as the price remains the highest average sise index for 21 weeks, positive expectations remain the possible verification. Will the Ribel Prize reach a level of $ 10 this year? Expectations should increase the price to a level of $ 7, with a potential increase of 227% compared to current levels, even if the price does not increase a level of $ 10.
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The expectations of post-Ribel prices: Whale’s activity indicates that the possibility of rising prices up to $ 10 quickly appeared first on Arab Cryptonews.
