In accordance with The Crypto Basic, experienced market analyst Maelius has predicted that XRP could rise to $12 in a potential fifth wave, citing historical price and RSI accumulation patterns. XRP has shown resilience in December after a prolonged downtrend since October, with a recent 7% surge. Maelius notes that the token is currently in a similar accumulation phase as seen in 2015 and 2022, with Wave 5 potentially aligning with a second RSI rebound top. The analyst considers the $12 target conservative, as XRP previously surged over 1,500% in a month. Other commentators, such as Rob Cunningham, have also projected a $12 price target for XRP.
Market Analyst Predicts XRP Could Surge to $12 in Wave 5
TheCryptoBasicShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.