The Cryptomarkt had a big headwind in recent weeks due to the persistent conflict in the Middle East. The XRP race also received a tap and could not escape the wider correction. Yet Analyst Watersabove predicts a surprising turn. According to him, XRP is on the eve of a spectacular rise.
XRP price can explode in the coming month
In a post on X, Watersabove predicts that an “XRP summer” is coming. The analyst provides an unprecedented rally, where the course could peak at 15 dollars on July 24. That would amount to an increase of more than 600 percent in just over a month.
Watersabove bases his prediction on the Elliott Wave theory, a popular analysis method that assumes that financial markets are developing in recurring golf patterns. These patterns are formed by the behavior and sentiment of investors. According to the theory, a trend consists of three upward impulse waves (waves 1, 3 and 5), interspersed with two corrective falls (waves 2 and 4).
The analyst sees clear similarities with the Bullrun of 2017, when XRP reached its all-time high of 3.40 dollars after completing five waves. According to Watersabove, we are now again at the start of such a cycle, with a powerful upward movement in prospect.
Doubt in the XRP community
Yet there is a lot of skepticism about the prediction. A course of $ 15 would bring the market capitalization of XRP to around 882 billion dollars. That is considerably higher than Ethereum (ETH), which is currently worth around $ 303 billion.
The prediction is received with much doubt on social media. For example, a user challenges the analyst to a bet of $ 10,000 that XRP will not even tap the 4 dollars. Others call 5 dollars the maximum that is possible in this cycle.
Source: https://newsbit.nl/analist-voorspelt-xrp-koers-van-15-we-staan-aan-het-begin-van-een-xrp-zomer/
