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The XRP price has consolidated During an extended period after its previous rally. However, an crypto analyst warns that cryptocurrency could face a Flash crash In April, potentially lead to its price to new stockings. Despite this, the analyst provided that the slowdown could be short -lived, predicting a rebound shortly after.
Metashackle, a crypto analyst on tradingView, shared a graph with a Elliott waves analysis XRP price movements. The analyst has also used technical levels such as fair -value differences (FVG), liquidity zones and trend lines to determine XRP’s next price action.
The XRP price table follows an advanced model at 6 waves, with a potential 7th wave break. XRP is currently in wave 4 of a larger cycle. While waves 1 to 3 represented a strong ascending movement, wave 4 sparked a Major correction for the XRP price. If wave 4 is over, the price of cryptocurrency could push higher in wave 5, reaching $ 2.80 to $ 3.00, where an FVG is waiting. This decision would create a false escape, by deleting liquidity above recent summits.
After the expected false escape, XRP should experience a flash crash in wave 6 by April 2025. This flash crash will probably last above the lower white trend line after having broken the higher trend line and targeted the green target zone between $ 1.6 and $ 1.4 highlighted by the graph.
The flash accident in April is a theoretical decision in which the XRP price is strongly recovered before a real escape. This escape should start in wave 7, potentially leading to a price discovery For XRP and reach a probable goal of $ 3.00 before soaring to new peaks greater than $ 3.6.
In particular, the analyst provides that wave 7 will begin in May 2025. The break should eliminate the summits of all time for Altcoin, exceeding his Price record of $ 3.84 in 2018.
The XRP price is now negotiated to $ 2.44 after increased by 4.56% last week. Despite a Net price accident Since its $ 3.00 summit earlier this year, cryptocurrency remains resilient and analysts are looking closely at its next movement.
In particular, analysts continue to take an optimistic position on the XRP price prospectsPredict a potential short -term escape. A market expert X (formerly Twitter), identified as “Steph is crypto”, ” forecast That the assets could increase to $ 3.4 soon, marking a jump of 39.34% of its market price.
Adobe Stock star image, tradingView.com graphic