Analysts continue to discuss potential scenarios for XRP price growth. A recent chart shares optimism about the future price of the cryptocurrency.
Elliott Wave Structure and XRP Price History
Analyst Amonyx presented a chart based on the Elliott Wave structure showing five major cycles in XRP price movement from 2014 to 2026. According to Amonyx, XRP is currently in the early stages of wave (5), which is historically the strongest leg in a bullish sequence.
Fibonacci Target Levels for XRP
Amonyx also pointed out Fibonacci extension levels: the 1.272 level is at $8.44, and the 1.618 level is at $27.23. These levels suggest that if XRP continues to follow historical patterns, reaching prices between $8 and $27 is quite possible.
General Conclusions and Predictions
As Amonyx notes, XRP is currently trading at around $2.37, creating favorable conditions for a significant price increase in the future if history repeats itself. Predictions are based on historical data analysis and price structure, but no chart can guarantee the future.
The analysis presented by Amonyx highlights the possibility of significant XRP price growth. While no predictions can be considered definitive, the current structure and Fibonacci support make the situation intriguing to watch.
