XRP is currently negotiated in green at $ 2.22. Market analysts look closely, as recent movements have opened the possibility of new gains. Looking at the 4 -day graphic, an analyst said that there are two main scenarios for XRP prices management:
1. The yellow scenario (more probably)
This scenario shows that XRP continues to increase, perhaps reaching a new summit of all time before undergoing a major correction. This structure follows a diagram of five waves which is triggered from the bottom of XRP in 2013. If this takes place, a correction could follow, possibly reduce the price to $ 0.40 to $ 0.50, similar to the past market behavior.
2. The white scenario (alternative)
This scenario shows that the current Haussier market began in 2020, and not in 2013. XRP is perhaps in the final wave of a movement of five smaller waves. If it is true, a smaller but always significant correction could follow, perhaps last up to a year.
Despite uncertainty, the two scenarios expect another price increase, in particular while XRP holds above the level of key support of $ 1.20. If this happens, XRP could reach $ 5.60 or even $ 6.60.
Short -term prospects
From a short -term point of view, XRP seems to form a movement of five waves of its hollow in April. However, the model is not yet clear. If XRP remains greater than $ 2.12, prices could continue to increase. But if it falls below this level, we can see a correction with a support between $ 1.84 and $ 2.10.
