• Altcoin XRP setting up for the C Wave push.
• Ripple’s native asset prepares for a bullish ascent. 
• Analysts share multiple bull targets XRP could hit soon.

The crypto market is eager to see the price of altcoins surge as the price of BTC and ETH reclaim higher prices. This week, the price of BTC reclaimed $96,000, and the price of ETH reclaimed prices above $3,000 and remained above this price level. Presently, a few altcoins are showing more signs of a parabolic pump than the rest. One analyst says altcoin XRP setting up for the C wave push. 

Altcoin XRP Setting Up for the C Wave Push

At the moment, multiple analysts are keeping a close eye on Ripple’s XRP and its very bullish price chart. Ever since XRP won its case against the SEC, the asset was expected to make a parabolic run. So far, the price of XRP pumped twice but failed to reclaim its previous ATH record set 8 years ago, and analysts are patiently waiting for that moment to arrive, a moment that is just on the horizon. 

As we can see from the post above, this reputed crypto trader and analyst shares a chart marking XRP’s highly likely bullish ascent in the coming days ahead. In detail, the analyst highlights how XRP’s B wave went a bit deeper, forming an ABC instead of a tight consolidation, which pushed the price into the 0.618 retracement around $2.09, and that is still completely valid for a B wave. 

Ripple Asset Prepares for Bullish Ascent

The analyst then states that she is now expecting the C wave up to play out next to complete this larger Wave 2. The primary target remains the golden retracement at $2.26, with a possibility of a slight overshoot into the $2.28 (golden pocket) price area, where the 1.236 extension lines up. This C wave should break into 5 waves and feel bullish. He then advises to watch the rejection and subwaves for confirmation. 

From that high, XRP could experience a sharp rejection and the start of the larger Wave 3 down, which continues to target the $1.65 macro support. Similarly, another analyst explains what to expect in another post. This analyst says that once XRP got the close above $2.22, it carried into the $2.4 level before the last sell-off. The analyst hoped to have seen it break through that $2.4/$2.5 level rather than the rejection we got.

However, the post goes on to say that XRP is now at a critical level for bulls to hold on the immediate degree. As long as this $1.96 level holds, the analyst thinks XRP is likely to see price action move into that $2.8 – $2.9 area for the 3/C. All in all, XRP has gotta make moves off this low soon, as the weekly is looking rough. The post then concludes that to a larger degree, $1.43 is still a key support level to hold to keep the macro bullish.