Once again, XRP has behaved like the ex you told yourself you were over, dropping a heart-thumping 5% last week because—wait for it—apparently, “major catalysts” were busy doing absolutely nothing for crypto. Still, rumor (and a suspiciously perky wave pattern) has speculators whispering: “Is Ripple about to show up late to the party in a glittery new outfit and steal the show?” Some folks think $12 is in the cards by 2026. If you squint hard enough, you might just see it, or at least a unicorn stampeding through your Metamask.
Elliott Wave Claims: $12 XRP or Just Wavy Dreams?
So, here comes our analyst—let’s call him the Elliott Whisperer—who’s dusted off his ancient charts and discovered a “bullish formation” so charged he’s basically sent an RSVP to the $12 price point. After meandering about in the price lanes between $2.05 and $1.65 (very chic, very indecisive), Ripple might be done “correctively pulling back”—whatever that means—and is apparently ready to usher in something called the Third Wave (cue Jaws music 🎶). Supposedly, that’s the glam wave where prices rocket upwards while we all pretend we saw it coming.
EWCycles thinks Ripple could soar by 2,900% sometime before the next Taylor Swift album cycle. We’re talking about five or six times growth, or as your mate at the pub would say: “More than enough for a round of drinks nobody asked for.”
But alas, Rick Astley might be more reliable than a crypto rally: XRP needs “higher highs and higher lows,” which sounds a bit like my emotional state after reading Twitter. As long as the altcoin sashays within this ascending channel, it’s technically “aiming high.”
Whales Go Shopping: Bulk-Buying Frenzy 🐋
Meanwhile, the whales (not the SeaWorld kind, but mega-wallets with a shopping addiction) are buying XRP in Costco quantities. Two splurging groups are out there collecting tokens like they’re limited-edition Beanie Babies.
Addresses holding 1M–10M XRP hoovered up 190 million tokens in just 30 days. The big players (10M–100M XRP) weren’t going to let them show off, so they snapped up 440 million. Modest purchases, really. Maybe looking to fill all those empty coin jars after meme coin season.
Traditionally, these giants love to “buy the dip,” expecting an epic price Netflix-binge-able rally. So, if you trust the whales—sure, XRP’s positioning like it wants its own moon landing (with the whole Elliott prediction singing backup).
Short-Term Tea Leaves Spill: Wedge Alert
The four-hour chart is apparently “teasing” a breakout—a word normally reserved for romantic comedies and suspicious rashes—by peeking flirtatiously above the wedge pattern trendline. And yet, as every tragic hero knows, bears are still manning the desks with the RSI at a not-very-glamorous 43. Sorry, optimism enthusiasts.
If this resistance folds (imagine a folding chair at a disastrous BBQ), XRP could lurch 7% upwards to $2.36, and then maybe strut its stuff toward $2.59, casually dropping hints that a new rally is in the works. But if the bullish vibes fizzle and XRP slips beneath $2.13, don’t be shocked if it tumbles gracelessly down to $1.96. Sorry, not every story arc ends with the hero winning.
Bottom line: XRP is getting dramatic again, and with bullish patterns, whales bingeing, and a four-hour chart that’s as indecisive as brunch plans, a big move is “probably” (emphasis on probably) coming. Pack your emotional parachute and keep snacks handy—the next few months could be a bumpy, meme-worthy ride to who-knows-where. 🚀
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2025-05-05 10:24