The post Analyst Reveals Why The New Week Will Be ‘Dynamic’ appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. A new XRP price prediction has surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern.  On January 26, Dark Defender, a prominent crypto analyst on X (formerly Twitter), forecasted an XRP price surge to a new all-time high of $5.85. The analyst shared a chart illustrating an Elliott Wave pattern consisting of five waves (1 through 5) in an upward trend XRP To Break Out To $5.85 Typically, the Elliott Wave theory suggests a cyclical price movement, where Wave 3 is presented as the strongest wave with the most explosive price increases. On the other hand, Wave 4 is highlighted as a corrective phase, while Wave 5 represents the final leg of an uptrend.  Related Reading Dark Defender revealed that the current XRP Elliott Wave structure was established as early as August 2023, where Wave 3 has consistently targeted the $5.85 all-time high level. This price surge would translate to an impressive 261.8% increase, marking a dynamic shift in the new week.  Elliot wave sparks move to $5.85 | Source: Dark Defender on X Once the $5.85 target is achieved, Wave 5, which is the final wave of the Elliott wave cycle, points to a longer-term price target of $18.22. Achieving this level would signify a massive 361.8% increase, marking a historic milestone for XRP.   In his detailed analysis, Dark Defender also pointed out a 4-hour symmetrical triangle pattern on the XRP price chart. This unique technical formation is often a precursor of a significant price movement, which, in XRP’s case, the analyst forecasts…

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Filed under: News - @ January 27, 2025 5:21 pm