XRP Price Prediction: When will it Reach $28 and Double-Digits?
Crypto analyst Behdark has made a bold prediction for XRP, suggesting that the price could reach $28. This prediction is based on his Elliot Wave theory analysis, which also indicates when this double-digit price target might be achieved.
According to Behdark’s analysis on TradingView, XRP has the potential to hit double digits by 2026. The first target mentioned is $15, with a possible further rally to $28. The analyst’s chart provides more insights into the current price action of XRP and why such a rally could occur.
Behdark notes that XRP appears to be in a running triangle pattern, with wave D potentially completing its movement by aiming for the all-time high at $3.84. After a price correction for wave E, the analyst predicts a post-pattern movement targeting a level above $15, ultimately leading to the $28 price target.
Although a rally to $28 would give XRP a market cap of $2.8 trillion, Behdark believes this is still within the realm of possibility. While he focuses primarily on chart analysis rather than fundamentals, he acknowledges that fundamentals are also reflected in the chart.
In conclusion, Behdark advises market participants to keep an eye out for any clear patterns that may emerge when XRP reaches wave E of the triangle, as this could present potential strategic positioning opportunities.
