We talked about bullish Ripple with ticker XRPUSD for a long time and we shared a lot of articles in the past, especially in 2024, where we saw final stages of larger weekly bullish triangle pattern in wave IV and from where we expect a bullish breakout for the 5th wave. Here is the latest article from November 15 of 2024. CLICK HERE
As you can see today on January 16 of 2025, Ripple hit all-time highs for a higher degree wave V as expected, so it can be now in final stages of a five-wave bullish cycle, but there’s can be still room for more short-term gains within that 5th wave at least in the first half of 2025.
The reason why we think that XRP can see higher levels within that 5th wave is also OTHERS crypto total market cap chart, which excludes top10 cryptocurrencies. It’s actually still eyeing all-time highs within final subwave “v” of 5, so there’s still room up to 500B – 600B area that can boost some other ALTcoins. However, once OTHERS chart reaches all-time highs, this is when we will have to sell and go out. Even cyclically we are in late stages of a bull cycle, but there’s still time at least for the first half of 2025.
Become a premium member
Get daily Elliott Wave updates for SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.