Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

2025-05-22

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Analysis suggests $15 by May 2025
Analysis

Analysis suggests $15 by May 2025

2024-12-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Egrag Crypto, a well-known crypto analyst on the social media platform X, recently shared an optimistic price prediction for XRP. According to the analyst, the technical analysis of the XRP price on the weekly time frame suggests that XRP is on track to reach a price target of $15 by May 5, 2025.

Related reading

The analysis, which is rooted in Fibonacci levels and Elliott Wave theory, offers a bullish long-term outlook for the altcoin despite its recent decline over the past week. This is due to the XRP price is declining since the past seven days alongside the rest of the crypto market.

Fibonacci and Elliott Wave Analysis for XRP

According to Egrag Crypto, the Fibonacci level of 1,618 indicates that May 5, 2025 could be a crucial date for XRP’s long-term price trajectory. His technical analysis uses auto-Fib time zones and trend-based Fibonacci on the weekly XRP price chart.

Interesting, this timeline closely matches the general sentiment around

Speaking of the price timeline, the $15 target is based on actual calculations and the Elliot Wave theory. According to the analyst, XRP is currently in Wave 4, the second corrective phase in the Elliot Wave theory. Once this phase is complete, Wave 5 is expected to be the next big step. Wave 5 is traditionally known as the third impulse wave that pushes the asset’s price to new highs.

To estimate the size of wave 5, the analyst examined the performance of the previous impulse waves 1 and 3. Notably, waves 1 and 3 were highlighted by price increases of 63.39% and 570%, respectively.

See also  Analysis of the factors driving Litecoins [LTC] last rise
XRP is currently trading at $2.18. Graphic: Trading view

Using these figures, Egrag Crypto has applied a common Elliott Wave principle that suggests that Wave 5 often equals 61.8% of the combined profits of Waves 1 and 3. Applying this mindset and plugging in the numbers, Wave 5 is expected to result in a price increase of approximately 391% for XRP. In terms of a price target, this translates to a price range around $15.

Is a long-term bullish trajectory still valid for XRP?

Despite XRP’s current decline over the past seven days, which reflects a broader market decline, this technical analysis provides a counterbalance to the bearish near-term outlook. XRP in particular has been declining since its peak on December 3 at $2.82.

Related reading

At the time of writing, XRP is struggling to regain the $2.20 price level, and remains so facing selling pressure some holders. Nevertheless, the cryptocurrencies The fundamentals point bullishand it could easily resume its price increase in the short term.

At the time of writing, XRP is trading at $2.18

Featured image from Outlook Business, chart from TradingView

Source link

Analysis Suggests
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22

Solana (SOL) strives higher with strong copper support, next stop $ 200?

2025-05-22

Bitcoin price reaches new all time above $ 111,000

2025-05-22

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Former FTX director withdraws file, claims the US government has broken its promises – Judge will hear anyway

2024-08-31

Cronos EVM introduces Pallene upgrade with up to 600x faster transaction speed

2024-12-13

Who Was The Better Performer In H1 2023

2023-08-06
Editors Picks

XRP -Price withdraws: healthy correction or start of a fresh downward trend?

2025-04-16

Biden is set to sign an executive order regulating the use of AI in the federal government

2023-10-26

Cardano: Can shorting ADA lead to more gains for traders?

2023-08-16

Legendary analyst Peter Brandt gives 6 reasons for reasons Bitcoin has turned Bullish

2025-03-03
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,539.714.84%
  • ethereumEthereum(ETH)$2,659.768.08%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.433.77%
  • binancecoinBNB(BNB)$680.712.87%
  • solanaSolana(SOL)$179.187.66%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2414878.01%
  • cardanoCardano(ADA)$0.807.82%
  • tronTRON(TRX)$0.2771793.16%
  • suiSui(SUI)$3.911.55%
  • hyperliquidHyperliquid(HYPE)$33.1323.37%
  • chainlinkChainlink(LINK)$16.747.41%
  • avalanche-2Avalanche(AVAX)$25.1712.11%
  • stellarStellar(XLM)$0.3025555.20%
  • shiba-inuShiba Inu(SHIB)$0.0000156.77%
  • bitcoin-cashBitcoin Cash(BCH)$437.619.89%
  • hedera-hashgraphHedera(HBAR)$0.2040915.83%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.76%
  • the-open-networkToncoin(TON)$3.164.45%
  • polkadotPolkadot(DOT)$4.946.67%
  • litecoinLitecoin(LTC)$99.064.20%
  • moneroMonero(XMR)$394.555.75%
  • bitget-tokenBitget Token(BGB)$5.220.68%
  • pepePepe(PEPE)$0.00001410.98%
  • piPi(PI)$0.821.43%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$472.8911.86%
  • uniswapUniswap(UNI)$6.426.88%
  • aaveAave(AAVE)$256.714.19%
  • nearNEAR Protocol(NEAR)$3.0710.57%
  • aptosAptos(APT)$5.6910.77%
  • ondo-financeOndo(ONDO)$1.027.55%
  • okbOKB(OKB)$52.891.55%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.8011.99%
  • kaspaKaspa(KAS)$0.1173516.32%
  • internet-computerInternet Computer(ICP)$5.648.69%
  • ethereum-classicEthereum Classic(ETC)$19.696.44%
  • render-tokenRender(RENDER)$5.2213.00%
  • gatechain-tokenGateToken(GT)$21.730.90%
  • crypto-com-chainCronos(CRO)$0.1002585.12%
  • vechainVeChain(VET)$0.0304488.74%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2497006.84%
  • mantleMantle(MNT)$0.764.19%
  • ethenaEthena(ENA)$0.4162107.79%
  • worldcoin-wldWorldcoin(WLD)$1.5837.44%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8813.48%
  • arbitrumArbitrum(ARB)$0.4312539.30%
  • bitcoinBitcoin(BTC)$111,539.714.84%
  • ethereumEthereum(ETH)$2,659.768.08%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.433.77%
  • binancecoinBNB(BNB)$680.712.87%
  • solanaSolana(SOL)$179.187.66%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2414878.01%
  • cardanoCardano(ADA)$0.807.82%
  • tronTRON(TRX)$0.2771793.16%
  • suiSui(SUI)$3.911.55%
  • hyperliquidHyperliquid(HYPE)$33.1323.37%
  • chainlinkChainlink(LINK)$16.747.41%
  • avalanche-2Avalanche(AVAX)$25.1712.11%
  • stellarStellar(XLM)$0.3025555.20%
  • shiba-inuShiba Inu(SHIB)$0.0000156.77%
  • bitcoin-cashBitcoin Cash(BCH)$437.619.89%
  • hedera-hashgraphHedera(HBAR)$0.2040915.83%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.76%
  • the-open-networkToncoin(TON)$3.164.45%
  • polkadotPolkadot(DOT)$4.946.67%
  • litecoinLitecoin(LTC)$99.064.20%
  • moneroMonero(XMR)$394.555.75%
  • bitget-tokenBitget Token(BGB)$5.220.68%
  • pepePepe(PEPE)$0.00001410.98%
  • piPi(PI)$0.821.43%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$472.8911.86%
  • uniswapUniswap(UNI)$6.426.88%
  • aaveAave(AAVE)$256.714.19%
  • nearNEAR Protocol(NEAR)$3.0710.57%
  • aptosAptos(APT)$5.6910.77%
  • ondo-financeOndo(ONDO)$1.027.55%
  • okbOKB(OKB)$52.891.55%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.8011.99%
  • kaspaKaspa(KAS)$0.1173516.32%
  • internet-computerInternet Computer(ICP)$5.648.69%
  • ethereum-classicEthereum Classic(ETC)$19.696.44%
  • render-tokenRender(RENDER)$5.2213.00%
  • gatechain-tokenGateToken(GT)$21.730.90%
  • crypto-com-chainCronos(CRO)$0.1002585.12%
  • vechainVeChain(VET)$0.0304488.74%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2497006.84%
  • mantleMantle(MNT)$0.764.19%
  • ethenaEthena(ENA)$0.4162107.79%
  • worldcoin-wldWorldcoin(WLD)$1.5837.44%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8813.48%
  • arbitrumArbitrum(ARB)$0.4312539.30%