XRP Elliott Wave Analysis: Will Price Reach $10 or Drop to $1.35?

The XRP price is facing a crucial crossroads, testing its resistance at $2.82. Elliot Wave theory suggests that the cryptocurrency could either experience a downward wave towards $1.35-$1.46 or launch a multi-month rally reaching heights of $6.50-$10.00. analysts suggest this depends on whether XRP breaks above the resistance level and triggers a wave three impulse. Failing to break above $2.82 could lead to a retest of deeper support levels.