The price of Ripple fell by 5% last week after the recent upward trend stalled due to a lack of key drivers to raise cryptocurrency prices. However, the formation of a bullish pattern and whale activity suggest that Ripple is about to achieve an independent upward wave in the coming months, potentially reaching 12 Dollars by 2026.

Elliott Wave analysis predicts the price of XRP will rise to 12 Dollars.
The price of Ripple is about to achieve a massive increase reaching 12 Dollars, after an analyst spotted a bullish formation on the weekly chart. He pointed out that Ripple has completed a corrective pullback phase of the Elliott wave pattern between 2.05 and 1.65 Dollars, indicating its readiness for the third wave, which is usually characterized by a strong and long-lasting upward movement.
In its analysis, EWCycles pointed out that the target price for Ripple is an increase of 2900% and is likely to occur between 2025 and 2026. This indicates that XRP is about to register a price increase of 5 to 6 times its current levels.
Will the price of XRP reach $12 in 2026: Elliott wave pattern, whale accumulation, and explosive upward wave