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    Home»Altcoins»XRP Set To Explode—However Solely After This Plunge, Analyst Says
    XRP Set To Explode—However Solely After This Plunge, Analyst Says
    Altcoins

    XRP Set To Explode—However Solely After This Plunge, Analyst Says

    By Crypto EditorMay 29, 2025No Comments4 Mins Read
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    XRP Set To Explode—However Solely After This Plunge, Analyst Says

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    XRP could also be on the verge of a serious upside breakout—however solely after what crypto analyst Quantum Ascent describes as a vital and momentary correction. In a brand new video evaluation printed on Could 28, the seasoned dealer warned {that a} drop towards the $2.13 degree seems more and more seemingly, however emphasised that such a transfer matches inside a bigger bullish Elliott Wave construction and wouldn’t invalidate the macro setup.

    XRP Set To Plunge Earlier than Exploding Larger?

    “I stated $2.71 was on deck—and we hit $2.66,” Quantum Ascent recalled, referencing a prediction made earlier in Could. “I used to be 5 cents off. However now, it appears like we’re in a little bit of a correction. I’m somewhat thrown off by the wave depend right here.”

    The confusion, he defined, stems from the construction of what seems to be a accomplished five-wave transfer. Whereas the third wave in an Elliott Wave sample is usually the longest, the analyst famous inconsistencies within the present formation that warrant a deeper technical assessment. Nonetheless, the general construction—significantly on the weekly chart—stays intact.

    XRP price analysis
    XRP worth evaluation | Supply: X @quantum_ascend

    “You’ll be able to see one-two-three-four-five on the weekly,” he stated. “That’s printing a macro one-two. And the third wave ought to get us going right here out of this space.”

    Associated Studying

    Zooming into the 12-hour and every day timeframes, Quantum Ascent pointed to an ABC corrective sample now seemingly unfolding, with the C wave projected to equal the A wave in size. Based on his measurement, this factors to a draw back goal of $2.12–$2.13, which aligns with the 0.5 Fibonacci retracement degree drawn from the earlier impulse wave and in addition coincides with the fourth wave of the prior transfer—usually a zone of robust help.

    “For me, that appears actually good as a spot for us to sort of relax. Perhaps consolidate sideways somewhat bit,” he stated. “However I do count on the following transfer to be up.”

    He was adamant {that a} breakdown under $2.13 wouldn’t represent a structural failure: “I discover it actually exhausting to suppose XRP’s gonna go under $2 right here on this transfer. It might technically—and nonetheless nothing could be damaged. We’re nonetheless simply searching for a one-two, and the 2 might come down right here if it needed.”

    Associated Studying

    Quantum Ascent additionally highlighted XRP’s comparative energy relative to the broader crypto market, noting that it had just lately set a better excessive sooner than most altcoins. “Structurally on the bigger time-frame, XRP is holding up lots stronger than the remainder of the market.”

    The analyst, who disclosed that he initially purchased XRP round $0.50 and offered a big portion above $3, stated he stays long-term bullish and continues to carry XRP as a core a part of his portfolio. “This factor has been good to me,” he stated. “Once more, I see a drop down quickly—nevertheless it’s simply that. It’s momentary.”

    For now, all eyes stay on the $2.13 degree. If XRP holds that zone and confirms help, Quantum Ascent believes a brand new bullish wave 4 might quickly start—one which takes the token above the $2.80 mark.

    At press time, XRP traded at $2.29.

    XRP price
    XRP continues to consolidate, 1-day chart | Supply: XRPUSDT on TradingView.com

    Featured picture created with DALL.E, chart from TradingView.com



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