XRP (XRP) is on track to repeat gold’s multiyear rally in 2026, according to analyst Steph is Crypto.
Key takeaways:
- XRP is tracking gold’s past breakout structure, supporting $8–$10 targets if the fractal holds.
-
Failure to reclaim the 100-week EMA could send XRP back toward the $1.61–$1.97 range.
Gold’s fractal hints at $8-10 XRP price next
The bullish outlook took cues from gold’s recovery in late 2022, which occurred after two years of consolidation inside the $1,620-2,055 area.
In 2020-2022, the precious metal formed the classic five-wave structure of the Elliott Wave Theory, including a descending channel pattern during the wave 3-4 formation, as shown below.
In November 2022, gold broke decisively above its long-term resistance….
more
Source cointelegraph.com
FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.
Terms of use and third-party services. More here.