{"id":3486,"date":"2025-03-14T06:00:31","date_gmt":"2025-03-14T06:00:31","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/is-xrp-about-to-shock-the-market-analyst-says-110-is-possible\/"},"modified":"2025-03-14T06:00:31","modified_gmt":"2025-03-14T06:00:31","slug":"is-xrp-about-to-shock-the-market-analyst-says-110-is-possible","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/is-xrp-about-to-shock-the-market-analyst-says-110-is-possible\/","title":{"rendered":"Is XRP About To Shock The Market? Analyst Says $110 Is Possible"},"content":{"rendered":"

Ripple\u2019s XRP, one of the top-performing cryptos last year, is trading between $2.15 and $2.30. The token\u2019s current price is a far cry from its 52-week high of $3.38 last January 17th, which was spurred by the industry\u2019s excitement over US President Donald Trump\u2019s reelection.\u00a0<\/p>\n

Although XRP<\/a> joins the downtrend of the broader crypto market, a few commentators and analysts expect that Ripple is due for a major rally. According to crypto analyst Egrag Crypto, Ripple\u2019s XRP is set for another price run after it compares the asset\u2019s current Elliot Wave structure with its 2017 fractals.<\/p>\n

XRP Continues To Weather The Storm<\/strong><\/h2>\n

Egrag Crypto’s latest price analysis and projection for XRP come as the altcoin and the broader crypto market slump. The Ripple\u2019s coin is holding steady above the critical $2 price support, which suggests it follows the broad five-wave Elliott Wave<\/a> chart. Traditionally, assets replicating the Elliott Wave structure often incur significant price action.<\/p>\n

\n

#XRP<\/a> = Thread (1\/7) #XRP<\/a>: Double Digits This Cycle, Triple Digits Next!<\/p>\n

The thread below about #XRP<\/a> was shared in the Subscribers section on February 12, 2025.<\/p>\n

We\u2019ve built together the Full Elliot Wave Count to assess our next Targets: \"\ud83c\udfaf\"\"\u2728\"<\/p>\n

Take an in-depth look at it! \"\ud83d\udd0d\"\u2026 pic.twitter.com\/NKv00Y5MZD<\/a><\/p>\n

\u2014 EGRAG CRYPTO (@egragcrypto) March 12, 2025<\/a><\/p>\n<\/blockquote>\n

Based on Egrag’s assessment, XRP is currently in the second wave of the Elliot Wave structure, which is traditionally defined by high price volatility and corrections.<\/p>\n

\"\"<\/p>\n

Traders And Investors Must Watch Out For The Larger Wave Structure<\/strong><\/h2>\n

In a Twitter\/X post, Egrag explained that XRP is in its corrective wave<\/a> two and is primed for a price run to double digits or even over $100. <\/p>\n

The analysts elaborated that a Wave 2 often retraces a part of Wave 1, usually matching 50%, 76% or even 85.4% of the initial movement. Ripple\u2019s XRP, he shares, is solidifying its hold in the correction phase.<\/p>\n

The asset faces bearish pressure, and the market can expect a double bottom soon before it moves into its Wave 3. EGRAG warns that Wave 3 is the most aggressive part of the cycle, with more volatility.<\/p>\n


\nCan XRP Hit $100 Or More?<\/strong><\/p>\n

Previously, XRP\u2019s Wave 1 pattern submitted a huge 733% increase in price. And by using the Elliot Wave extension formula, the popular analyst projects that XRP\u2019s Wave 3 can extend by 1.618x the gain of the first wave. Using this calculation, Egrag offers a potential surge of 1,185x, translating to XRP\u2019s price range between $22 to $24.<\/p>\n

Once XRP hits the peak of Wave 3, the fourth wave and a price correction follows. For this wage, the retracement level ranges between 14% to 38.2% of Wave 3. If this happens, Egrag predicts that XRP\u2019s price can drop to $8.<\/p>\n

Wave 5 of the Elliot Wave follows, where price can be predicted using three methods. First, if XRP\u2019s price grows between 1.236% and 1.618%, the asset\u2019s price can hit between $32 and $48. Second, if Wave 5 replicates Wave 1, the price can be between $60 and $70. Third, if there\u2019s a 61.8% extension of the movements of Waves 1 and 3, then there\u2019s a chance that XRP\u2019s price can hit $100.<\/p>\n

Featured image from Medium, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple\u2019s XRP, one of the top-performing cryptos last year, is trading between $2.15 and $2.30. The token\u2019s current price is a far cry from its 52-week high of $3.38 last January 17th, which was spurred by the industry\u2019s excitement over US President Donald Trump\u2019s reelection.\u00a0 Although XRP joins the downtrend of the broader crypto market,…<\/p>\n","protected":false},"author":1,"featured_media":3487,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[219],"tags":[220,12,254,149,123,148],"class_list":["post-3486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoin","tag-altcoins","tag-cryptocurrency","tag-ripple","tag-technical-analysis","tag-xrp"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3486"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3487"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}