XRP Holds Bullish Structure Above $1.94 As Analyst Maps $10 ‘Micro Wick’ And $50 ‘Macro Wick’

• XRP is trading near $2.24 after a 15% weekly drop, but top crypto analyst says price is still inside the bullish structure as long as $1.94 holds.
• Using an Elliott Wave read, he maps a “micro wick” spike toward $10 and an extreme “macro wick” toward $50 if Wave 3 becomes the largest leg.
• On-chain and institutional moves from Ripple (Prime rollout, Palisade acquisition)

Crypto analyst Egrag Crypto shared a rather bullish long-term outlook for XRP on X. His main idea is that short-term drops are not breaking the long-term upward trend, and XRP might be at a price level where major investors are steadily buying.

Egrag argues that as long as XRP stays above the $1.94 support zone on high timeframes, the bull structure remains intact.

Related: ‘XRP’s Path Isn’t to Follow Bitcoin’: Analyst Details Decoupling Thesis

The analyst is drawing on Elliott …

Read The Full Article XRP Holds Bullish Structure Above $1.94 As Analyst Maps $10 ‘Micro Wick’ And $50 ‘Macro Wick’ On Coin Edition.