251003 [XRP] XRP Outlook

XRP is transitioning into an upward trend according to Scenario 1 outlined in the previous outlook, currently positioned within a highly significant zone and attempting to break through the downtrend.

• From both trend analysis and wave perspective, the potential for favourable movement to continue appears high thus far.

• However, Bitcoin needs to maintain its upward momentum or move sideways, and it is anticipated that Ethereum, the current leader of the altcoin market, will demonstrate positive movement first.

If it moves as anticipated,

• we can expect a breakout from the current downtrend, followed by a retest and a potential upward surge.

​If the scenarios is to consolidate at the bottom and rise,

• the simplest scenario for a renewed uptrend would be maintaining above the $2.65–$2.7 range, which has been indefinitely defended thus far.

So how high could it go?

• Within this current cycle, reaching the $4.4–4.5 range appears feasible. However, should Bitcoin or Ethereum sustain highly positive movements over an extended period, reaching the $5.5–6 range or higher also seems possible.

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