The $5 XRP Target Endures, But The Rollercoaster’s Far From Over –

by

Ah, the ever-dramatic XRP – that crypto that just can’t make up its mind, forever teetering between glory and despair. After a minor hiccup in the market, the price has once again done what it does best: ride the waves of chaos. The heroic rally above $3 is currently limping along, as the relentless sellers seem to refuse to take a vacation. Oh, and let’s not forget the ever-changing predictions about where this rollercoaster is headed next. But fear not! There’s still hope on the horizon, as one undeterred analyst insists that the dream of reaching $5 is still very much alive.

XRP: A $5 Dream, Or Just A Mirage? The Market’s Current Mood

In the midst of market turmoil, when it seems like every investor has tucked their tail between their legs, the More Crypto Online analyst steps forward like a lone knight in shining armor. Despite the gloomy vibes, they reaffirm their prediction that XRP will eventually reach that fabled $5. The bullish impulse, they say, is still there. Who knew? Apparently, the XRP journey isn’t over yet. Not by a long shot.

According to the so-called “yellow wave retracement” (sounds fancy, doesn’t it?), the current dip is nothing more than a slight pause in the larger bullish trend. This correction, occurring at around the 50% retracement level, has supposedly set a strong support base just above $2.6. The analyst suggests that, with this foundation in place, we might just be gearing up for another thrilling upswing. 🎢

The bulls are putting up a good fight, seemingly unfazed by the decline. As long as this dip is nothing more than a “corrective” move (a fancy way of saying ‘temporary blip’), there’s no reason to panic. However, should this turn into a deeper collapse, well… that could spell trouble. The analyst, ever the optimist, says no worries-at least not yet.

Now, what about the future, you ask? According to the Elliot Wave Theory (yet another delightful jargon for us to digest), we might soon witness the start of the fifth wave. Historically, this wave is the big kahuna, often exceeding the highs of its predecessors. Buckle up, dear reader, because this is where the fireworks are supposed to happen. 💥

With support at $2.6 holding strong, we may very well be on the cusp of the final surge. The analyst dares to predict that XRP could almost double, reaching that oh-so-glamorous $5 mark. As long as the pullbacks stay “corrective” and don’t break below the weekend low, we’re apparently on track for the grand finale. Hold on tight!

But-and here’s the kicker-there’s always a possibility that things could take a turn for the worse. If the bulls falter and fail to defend the $2.6 support, a dramatic collapse could unfold, sending XRP as low as $2.21. 🧐 So, what’s it going to be? Heroic rise or catastrophic fall?

Read More

2025-08-06 09:48