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Bitcoin Still on Track for $140K This Year, But 2026 Will Be Painful: Elliott Wave Expert
Bitcoin Still on Track for $140K This Year, But 2026 Will Be Painful: Elliott Wave Expert

Yahoo

time5 days ago

  • Business
  • Yahoo

Bitcoin Still on Track for $140K This Year, But 2026 Will Be Painful: Elliott Wave Expert

Don't call the top yet, market analyst specializing in the Elliott wave theory, told CoinDesk. He added that bitcoin (BTC) will rally to around $140,000 this year before slipping into a bear market in 2026. The leading cryptocurrency by market value, has dropped 4% over the past week, with prices hitting lows under $112,000 over the weekend, according to CoinDesk data. The decline comes after weeks of profit-taking by long-term holders near $120,000 and alongside sharp losses in key crypto-related stocks such as Strategy (MSTR) and Coinbase (COIN). The sell-off is a typical retracement wave, representing a temporary breather from the preceding bullish impulse wave, and could set the stage for a rally to $140,000 by year-end, according to John Glover, chief investment officer at crypto financial services company Ledn. "Firmly caught in the summer doldrums, the BTC price continues to follow the expected trajectory and will soon complete the 5-wave move depicted by the blue line [in the chart] below, which will finish wave iii (yellow line) of Wave 5 (orange line). All to say, we're still on target to hit $135,000 - $140,000 by the end of 2025," Glover said in an email. What is the Elliott Wave? The Elliott Wave Theory, introduced by Ralph Nelson Elliott in 1938 in his book, "The Wave Principle, is a way of understanding market movements by recognizing that they follow predictable, repeating patterns like natural fractals. The core idea is that crowd psychology moves in cycles, creating a pattern of five waves in the direction of the primary trend or the impulse move. The five-wave structure encompasses three impulse waves (1,3, and 5) and two retracing waves (2 and 4). Sometimes, impulse waves are extended and powerful, comprising their own 5-wave structure. A three-wave corrective structure follows the five-wave structure. This 5-3 wave pattern repeats at both larger and smaller scales, allowing observers to forecast future price action based on the market's current position within the broader context. According to the above chart, BTC is currently moving in the impulse wave (iii) of the extended impulse wave 5. The impulse wave (iii) could hit a high of $130,000 in the next couple of weeks, before prices drop to around $110,000 in September, completing the retrace wave (iv). After that, the final impulse wave (v) of the larger impulse wave 5 will resume, marking a bull market peak at around $140,000. "Once we achieve the $140,000-ish region, there will be a LOT of debate as to how much further the market will go, and I'm sure we'll hear the bulls quoting $250,000 to $500,000 in 2026. This is not my thesis as I believe we will enter a bear market for BTC in 2026," Glover said. Glover's take contrasts with the popular narrative that institutional adoption through ETFs has broken bitcoin's four-year cycles, which historically indicate a price peak this year followed by an extended bear in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Ripple (XRP) price prediction: 333% surge in 40 days! Here's all about the prediction
Ripple (XRP) price prediction: 333% surge in 40 days! Here's all about the prediction

Time of India

time29-07-2025

  • Business
  • Time of India

Ripple (XRP) price prediction: 333% surge in 40 days! Here's all about the prediction

Renowned Chartered Market Technician and crypto strategist Tony "The Bull" Severino believes Ripple's XRP could be on the verge of a major rally—potentially soaring by 333% in just 40 days. Taking to X (formerly Twitter), Severino outlined his forecast based on Elliott Wave Theory, a popular technical analysis method. According to his analysis, XRP could climb to as high as $13, fueled by a powerful fifth wave breakout. He notes that the fifth wave, which spans six bars in the current pattern, mirrors a classic bullish triangle setup—typically signaling explosive upward movement following a corrective fourth wave. Explore courses from Top Institutes in Please select course: Select a Course Category Elliott Wave-Based Price Targets According to reports, as per Severino's Elliott Wave analysis XRP's price could go to $4–$6 in the first profit-taking zone during Wave 3, $11–$13 in mid-term target if bullish momentum sustains, and $27–$30 in a full Elliott Wave cycle. If the technical setup plays out and broader crypto market conditions remain favorable, XRP could be entering one of its most lucrative phases yet. Live Events Why This Matters XRP is a dominant force in cross-border payments, often clocking $10 billion in daily trading volume during bullish phases. Earlier this year, the token witnessed a strong rally after Ripple reached a $150 million settlement with the U.S. Securities and Exchange Commission (SEC), easing years of regulatory pressure. Now, fresh catalysts are building as Ripple is awaiting a decision from the U.S. Office of the Comptroller of the Currency (OCC) regarding its application for a banking license. Investor excitement is also growing around the potential approval of Ripple-based exchange-traded funds (ETFs), with 11 proposals currently under SEC review. A decision is expected by late October. XRP is currently trading at $3.24, up over 3% in the last 24 hours. The recent jump of $0.07 (+2.21%) has marked a new short-term high, with analysts pointing to rising optimism and whale accumulation as key drivers. Technical analyst XForceGlobal believes XRP is poised for a breakout, especially if it can decisively surpass resistance at $3.30. If that happens, XRP could make a quick move toward $4, with even higher targets in sight. Behind the scenes, large holders—often called whales—are quietly accumulating XRP. Wallets holding between 10 million and 100 million tokens now control over 8.3 billion XRP, equivalent to roughly 14% of the circulating supply.

XRP price prediction: After today's 3% surge, is Ripple set to smash $4 as whales buy big and experts predict 60% rally?
XRP price prediction: After today's 3% surge, is Ripple set to smash $4 as whales buy big and experts predict 60% rally?

Time of India

time28-07-2025

  • Business
  • Time of India

XRP price prediction: After today's 3% surge, is Ripple set to smash $4 as whales buy big and experts predict 60% rally?

XRP is in the green today, climbing over 3% to trade at $3.24 —marking a fresh short-term high amid growing optimism across the crypto sector. The daily gain of +$0.07 (+2.21%) reflects renewed investor interest, especially as analysts hint that XRP might be entering one of its most profitable phases yet. This rise is happening as whales increase their holdings and technical charts flash signs of a potential breakout toward the $4 mark , with higher targets on the horizon if current trends continue. Is XRP entering its most profitable phase? Analysts say yes Market experts and technical traders are now pointing to a major bullish phase for XRP. According to analysts following Elliott Wave Theory, XRP appears to be starting Wave 3—typically the strongest leg in a five-wave cycle. This wave often delivers the largest price appreciation during a bullish trend. One crypto analyst known as XForceGlobal shared that the current price structure supports a breakout that could propel XRP toward $4 and beyond, especially if it clears key resistance levels at $3.30. Peter Brandt predicts a 60% rally toward $4.47 Renowned chart analyst Peter Brandt, famous for accurately predicting several major crypto moves, has identified a 'compound fulcrum' formation on XRP's weekly chart. He believes this rare pattern could spark a 60% surge, sending the price toward $4.47 in the coming weeks or months. Live Events Brandt's prediction aligns with XRP's current upward momentum and confirms bullish signals from both retail and institutional players. He also noted that XRP's price recently recorded its strongest weekly candle since November, adding further credibility to the forecast. Whale accumulation hints at strong institutional interest Behind the scenes, major investors—or crypto whales —are quietly stacking up XRP. Addresses holding between 10 million and 100 million XRP now collectively own more than 8.3 billion XRP , which is around 14% of the total circulating supply . This level of accumulation is often seen as a bullish signal, as whales tend to enter positions before large price movements. Their behavior suggests strong confidence in XRP's long-term potential, likely reducing selling pressure and stabilizing the price at higher levels. Could XRP hit $27 in the future? Here's what Elliott Wave theory suggests While short-term targets like $4.47 are exciting, some analysts believe XRP could go even further over the long term. According to Elliott Wave projections, here's how XRP's price journey might unfold: $4–$6 : The first profit-taking zone during the current Wave 3 $11–$13 : A potential mid-term target if momentum continues beyond initial resistance $27–$30 : The maximum projected upside over a full Elliott Wave cycle—though this would likely take time and broader market support These projections are based on historical price behaviors and Fibonacci extensions, but they depend on XRP maintaining its upward structure and avoiding major disruptions. Should you buy XRP while it's still under $5? With XRP still trading well below $5 , many investors are wondering if now is the right time to get in. Here's why buying at current levels might make sense: High upside potential : The forecast from Peter Brandt suggests nearly 60% gains from the current price Bullish chart patterns : Technical signals such as ascending triangles, golden crosses, and the Elliott Wave structure all support continued upside Growing whale support : Large investors are increasing their holdings, hinting at smart money confidence Ripple ecosystem growth : Ongoing partnerships, regulatory progress, and increased cross-border payment adoption further boost long-term fundamentals For risk-tolerant investors, XRP under $5 presents an attractive risk-to-reward ratio—especially if the $4.50 target is hit in the short term. XRP price zones and investor watch levels To help guide your strategy, here's a breakdown of key XRP price levels to watch in the near future: Price Zone What It Means $3.00–$3.20 Strong support; XRP must stay above to maintain bullish structure $3.30 breakout A close above this level could signal the start of Wave 3 toward $4+ $4.47 target Peter Brandt's near-term projection based on rare chart setup $4–$6 zone Likely first profit-taking range based on Elliott Wave logic $11–$13 zone Medium-term Fibonacci extension targets $27–$30 zone Long-term Elliott Wave maximum cycle forecast Is XRP ready to explode higher? XRP's current move to $3.24 , backed by strong technicals and major whale activity, appears to be more than just a temporary bounce. With expert predictions targeting $4.47 in the short term and even $27+ in the long term , XRP could be at the start of a major uptrend. Whether you're a swing trader, long-term holder, or new investor, the current setup presents an opportunity worth watching. But as always, do your own research and manage risk accordingly. FAQs About XRP Price Prediction Q1. Is now a good time to buy XRP under $5? Yes, many experts believe XRP under $5 offers strong upside potential with low entry risk. Q2. Will XRP price really break above $4 soon? Analysts say a breakout above $4 is likely, especially after today's 3% price jump. Q3. Why are whales accumulating billions in XRP right now? Whales expect a major rally, with some predicting a 60% or more price surge. Q4. What's Peter Brandt's XRP price prediction? Peter Brandt sees XRP hitting around $4.47 based on a rare bullish chart pattern. Q5. How high can XRP go long term? Some forecasts suggest XRP could reach $6, $13, or even $27 based on Elliott Wave cycles. Economic Times WhatsApp channel )

XRP Risks Fall To $1.55 If This Support Level Fails
XRP Risks Fall To $1.55 If This Support Level Fails

Business Mayor

time26-05-2025

  • Business
  • Business Mayor

XRP Risks Fall To $1.55 If This Support Level Fails

XRP prices have fallen 4.08% in the past day alongside the majority of the crypto market following the US announcement of a potential 50% tariff on goods being imported from the European Union (EU). Amid this market downturn, popular market analyst CasiTrades has stated that XRP lies in danger of a further decline should a particular support level fail. XRP Must Avoid Crash Below $2.25 – $2.26 As Bitcoin prices reached a new all-time high in the past week, XRP followed suit, reaching as high as $2.45 before experiencing a price rejection driven by negative macroeconomic pressure due to the new international tariffs by the US Government. In the day, XRP price notably declined by over 5% from $2.45 to $2.33 before finding some stability to enter a sideways movement as seen in the last few hours. According to CasiTrades, XRP's rejection aligns with a 1:1 Fibonacci extension of the corrective C-wave pattern in the Elliott Wave Theory, signaling the possible exhaustion of the previous relief rally seen earlier in the week. Notably, the analyst warns that XRP's decline may lead to a retest of 'major structural support' at the $2.25 – $2.26 price zone, which aligns with the Fibonacci retracement level 0.382. CasiTrades explains that Fib 0.382 has represented a key technical price level over the past six months. Therefore, a price break below this level could trigger deeper corrections, forcing XRP's price as low as $1.55 – $1.90, a price move that would wipe out all price gains that have been recorded since the crypto market uptrend resumed in early April. However, if the $2.25 – $2.26 support zone holds, such market resilience could trigger a new price rally to around $2.70 and beyond. Thereafter, XRP is likely to return to the local peak of the current bull run at $3.84. XRP Price Overview At the time of writing, XRP continues to trade at $2.33 following a 1.45% decline in the past week. However, the altcoin is up by 9.77% in the past month, reflecting that the majority of new market entrants are still in profit. In other positive news, Volatility shares launched an XRP futures exchange-traded fund (ETF) on May 22. It is a 1x fund, indicating that it would track the daily performance of XRP futures contracts with no leverage. With a total market cap of $233.58 billion, XRP remains the 4th largest cryptocurrency and third-largest altcoin in the market. READ SOURCE

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