XRP Price To Teleport To $6.9 Once Wave 3 Of 3 Is Completed

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The XRP price is already seeing a major recovery trend, thanks to the market reversal that was triggered by Bitcoin’s rise to new all-time highs. Right now, the battle line looks to be drawn around the $3 level, where bears look to be mounting their resistance. Despite this, the XRP price trend remains extremely bullish, especially from the wave theory point of view. As the bearish second wave looks to be nearing completion, the start of the third wave could lead to an explosive rally.

Why Wave 3 Of 3 Is Important

Crypto analyst HovWaves has pointed out that the XRP price could be looking to fill in the Wave 3 of 3 with the next move. The recent post comes as a follow-up to an analysis that was posted last month, showing how the XRP price had been moving, with possible direction points.

Back in September, the XRP price had been trading mostly sideways as bears kept prices below $3. At that point, HovWaves explained that the price could either break out into Wave 3 of 3 or continue to trade sideways. Eventually, it was the latter as the market remained muted.

However, with the start of October, the tides have quickly changed, and the crypto market is seeing a rapid uptrend. Thus, it is possible that this new wave would bring about the bullish Wave 3 of 3. The decisive level here, though, lies well above $3, and the price would need to completely shatter the resistance straight up to $3.2 for a confirmation to be complete.