XRP Set To ExplodeโBut Only After This Plunge, Analyst Says
๐จ XRP: The Calm Before the Moon? ๐๐
XRP holders, buckle up โ the charts are showing turbulence aheadโฆ but it might just be the launchpad.
According to respected crypto analyst Quantum Ascent, XRP could be priming for a major breakout โ but not before one more dip. His recent analysis points to a temporary pullback to the $2.12โ$2.13 zone, a move that fits perfectly within a broader bullish Elliott Wave structure. Translation? Itโs not game over โ itโs just halftime. โณ
๐ง Letโs break it down:
Earlier this month, QA predicted $2.71. XRP hit $2.66 โ just five cents off.
Now, heโs seeing what looks like a completed 5-wave move โ followed by a textbook ABC correction.
The C wave could land near $2.13, aligning with strong Fibonacci support and the prior 4th wave โ a key consolidation zone.
๐ฏ โThat $2.13 level is where Iโd expect us to chill, maybe move sideways a bit,โ QA said in his May 28 update. โBut after that? I expect the next move to be up.โ
Even a brief dip below $2 wouldnโt be the end of the bullish setup. Quantum Ascent emphasized that the larger macro wave count remains intact, especially on the weekly chart โ and XRP is still structurally stronger than most altcoins right now.
Heโs not just talking the talk either. QA bought XRP around $0.50 and sold a chunk above $3 โ but heโs still holding long term. Why? Because this dipโฆ might just be the setup for something much bigger.
๐ A confirmed bounce from $2.13 could be the springboard to wave 4, possibly launching XRP above $2.80 in the next leg up.
At the time of writing, XRP is holding around $2.29 โ not far from the projected correction zone. The big question: will $2.13 hold strong? ๐
๐ฌ What do you think? Is XRP loading the rocket or running out of fuel? Will you buy the dip or wait for confirmation? Drop your thoughts ๐
#XRP #CryptoAnalysis #TrendingTopic
