$XRP to $27-$33 as Analyst Backs These Targets with Elliott Wave and Fibonacci Analysis - The CryptoBasic Analytics

Irma - Sep 21 - - Dev Community

Market analyst EGRAG predicts a potential XRP price surge, using Elliott Wave Theory and Fibonacci retracement levels. He suggests that XRP's Wave 5 could push it past Fibonacci level 3, with a target exceeding $33. This forecast is based on XRP's movements following classic Elliott Wave patterns, indicating a significant uptrend.

EGRAG also compares XRP's performance with Bitcoin and Ethereum. While BTC struggles to maintain its Fibonacci level 3, ETH has surpassed Fib 4.272. This comparison boosts optimism that XRP could follow a similar path, potentially exceeding $33 and entering a macro-Wave 5 scenario.

In a more speculative analysis, EGRAG suggests XRP could reach $1,780, similar to Ethereum’s dramatic rise during its bull cycle. This is based on a larger Fibonacci wave count and mirrors ETH’s surge past Fib 4.272 during its peak.

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