The XRP Price Roadmap To $8: How An Over 50% Bounce Could Materialize

XRP is still looking to confirm a strong bounce in price action after a crash that saw it register a huge bearish wick over the weekend, and many analysts are anticipating its next major move. According to technical analysis by crypto analyst HovWaves, XRP’s recent crash and bounce could be the early stage of a broader rally that positions its price for a run to as high as $8. XRP Finds Support And Rebounds Over 50% Technical analysis of XRP’s price action on the weekly timeframe, which was posted on the social media platform X by HovWaves, noted that the cryptocurrency got the move down into our support level for the expanded flat he was following. Related Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? This is in reference to earlier outlooks by the analyst, where he predicted that the XRP price would revisit a strong support zone to complete a corrective Elliot cycle Wave 4 formation source: https://www.newsbtc.com/analysis/xrp/xrp-price-roadmap-to-8/