Crypto analyst XForce has once again referenced the 5-Wave count method to predict when XRP's price may reach a new all-time high (ATH) exceeding $5. He emphasized that there are currently no reasons to adopt a bearish outlook on the altcoin.
XForce suggested in a recent X post, accompanied by a detailed chart, that XRP could potentially surge above $5 during the Wave 3 impulse phase. This movement could even propel the altcoin into double-digit territory, possibly peaking at $13. The analysis indicates that XRP is likely to reach this target by the end of the year or early next year.
According to the 5-Wave count, XRP is expected to experience a price correction to approximately $5 during Wave 4, followed by a significant rally to around $25 in Wave 5. XForce expressed confidence that the current market actions align with this projection, noting that the macro trend has minimal margin for error. He further highlighted that all developments, from the Wave 4 triangle breakout to the anticipated pullback following the 5-wave impulse, have adhered to the expected pattern.
XForce also mentioned that XRP remains within two potential scenarios, with the highly optimistic outlook of a rally to double digits gaining increasing credibility. Alternatively, a more conservative estimate suggests a rise to $4, which would still constitute a new ATH for XRP. The analyst previously asserted that all medium-term scenarios indicate the altcoin will achieve a new ATH in this market cycle.
In a separate analysis, crypto expert CasiTrades indicated that XRP's consolidation phase has reached its peak, signaling that a significant movement is imminent. She noted that the altcoin could either experience a dramatic breakout or face one last sharp decline to support levels before a breakout occurs. Regardless, XRP appears poised for an upward movement soon.
CasiTrades pointed out that XRP's price continues to struggle at the $2.25 resistance level. As long as this level holds, she warned that the altcoin could drop to support levels at $2.01, $1.90, and even $1.55. However, she clarified that these levels are not bearish targets but rather momentum zones where the market can gather the necessary liquidity to build strength for Wave 3.
As of the latest data from CoinMarketCap, XRP is trading at approximately $2.16, reflecting a decline over the past 24 hours.
