XRP Analysts Predict Bullish Trends Despite Current Downtrend
- Crypto analyst Dark Defender asserts that XRP is not in a bear market but in Wave 4 of the Elliot Wave, which began in February.
- The final wave, often the most bullish, has yet to occur, with a target price of $5.85, surpassing its previous all-time high of $3.8.
- Analyst STEPH IS CRYPTO highlights a rare bullish RSI divergence on the daily chart, indicating potential seller exhaustion.
Analysts suggest that XRP’s current downtrend aligns with technical patterns rather than signaling a bear market. The presence of a bullish RSI divergence further supports potential upward movement for XRP prices.
Dark Defender and STEPH IS CRYPTO provide technical insights suggesting XRP could experience significant gains if their analyses hold true, aiming for new price peaks beyond previous highs. (Source)
