#Xrp🔥🔥
Short-term price targets for XRP have been set by various analysts, and these targets reflect the bullish sentiment in the market.
Here's a breakdown of the key short-term targets:Immediate Targets: Analysts have identified resistance levels between $2.42 and $2.45, which XRP has already reached. This zone is crucial as it marks a consolidation point above the key $1.96 resistance from 202112.
Next Wave Targets: Looking ahead, the next significant resistance is around $2.54 to $2.62. A break above $2.62 could signal a potential breakout and a test of new all-time highs.
Ambitious but Possible Targets: Renowned crypto analyst Turn the Bull has speculated a target of $13 for XRP, which he describes as an ambitious but possible scenario under favorable market conditions. This target is significantly higher than current levels and would represent a substantial upside.The Fibonacci Extension Targets: The Fibonacci retracement levels between $2.28 and $2.27 are identified as key support, and a potential retest of these levels could precede another upward movement.
Market Structure and Wave Analysis: The ongoing correction in the market is unfolding in a series of three waves up and three waves down, typical of a corrective phase. This analysis suggests that one more higher low before the next significant upward movement in wave five is possible.
In summary, the short-term price targets for XRP range from immediate resistance levels around $2.45 to more ambitious targets like $2.54, $2.62, and even high …
