{"id":5032,"date":"2025-05-29T18:13:08","date_gmt":"2025-05-29T18:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/xrp-set-to-explode-but-only-after-this-plunge-analyst-says\/"},"modified":"2025-05-29T18:13:08","modified_gmt":"2025-05-29T18:13:08","slug":"xrp-set-to-explode-but-only-after-this-plunge-analyst-says","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/xrp-set-to-explode-but-only-after-this-plunge-analyst-says\/","title":{"rendered":"XRP Set To Explode\u2014But Only After This Plunge, Analyst Says"},"content":{"rendered":"

XRP may be on the verge of a major upside breakout\u2014but only after what crypto analyst Quantum Ascent describes as a necessary and temporary correction. In a new video analysis published on May 28, the seasoned trader warned that a drop toward the $2.13 level appears increasingly likely, but emphasized that such a move fits within a larger bullish Elliott Wave structure and would not invalidate the macro setup.<\/p>\n

XRP Set To Plunge Before Exploding Higher?<\/h2>\n

\u201cI said $2.71 was on deck\u2014and we hit $2.66,\u201d Quantum Ascent recalled, referencing a prediction made earlier in May. \u201cI was five cents off. But now, it looks like we\u2019re in a bit of a correction. I\u2019m a little thrown off by the wave count here.\u201d<\/p>\n

The confusion, he explained, stems from the structure of what appears to be a completed five-wave move. While the third wave in an Elliott Wave pattern is typically the longest, the analyst noted inconsistencies in the current formation that warrant a deeper technical review. Still, the overall structure\u2014particularly on the weekly chart\u2014remains intact.<\/p>\n

\"XRP<\/p>\n

\u201cYou can see one-two-three-four-five on the weekly,\u201d he said. \u201cThat\u2019s printing a macro one-two. And the third wave should get us going here out of this area.\u201d<\/p>\n

Zooming into the 12-hour and daily timeframes, Quantum Ascent pointed to an ABC corrective pattern now likely unfolding, with the C wave projected to equal the A wave in length. According to his measurement, this points to a downside target of $2.12\u2013$2.13, which aligns with the 0.5 Fibonacci retracement level drawn from the previous impulse wave and also coincides with the fourth wave of the prior move\u2014often a zone of strong support.<\/p>\n

\u201cFor me, that looks really good as a spot for us to kind of chill out. Maybe consolidate sideways a little bit,\u201d he said. \u201cBut I do expect the next move to be up.\u201d<\/p>\n

He was adamant that a breakdown below $2.13 would not constitute a structural failure: \u201cI find it really hard to think XRP\u2019s gonna go below $2 here on this move. It could technically\u2014and still nothing would be broken. We\u2019re still just looking for a one-two, and the two could come down here if it wanted.\u201d<\/p>\n

Quantum Ascent also highlighted XRP\u2019s comparative strength relative to the broader crypto market, noting that it had recently set a higher high earlier than most altcoins. \u201cStructurally on the larger time frame, XRP is holding up a lot stronger than the rest of the market.\u201d<\/p>\n

The analyst, who disclosed that he originally bought XRP around $0.50 and sold a large portion above $3, said he remains long-term bullish and continues to hold XRP as a core part of his portfolio. \u201cThis thing has been good to me,\u201d he said. \u201cAgain, I see a drop down temporarily\u2014but it\u2019s just that. It\u2019s temporary.\u201d<\/p>\n

For now, all eyes remain on the $2.13 level. If XRP holds that zone and confirms support, Quantum Ascent believes a new bullish wave 4 could soon begin\u2014one that takes the token above the $2.80 mark.<\/p>\n

At press time, XRP traded at $2.29.<\/p>\n

\"XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP may be on the verge of a major upside breakout\u2014but only after what crypto analyst Quantum Ascent describes as a necessary and temporary correction. In a new video analysis published on May 28, the seasoned trader warned that a drop toward the $2.13 level appears increasingly likely, but emphasized that such a move fits…<\/p>\n","protected":false},"author":1,"featured_media":5033,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[40,1689,46,47,149],"class_list":["post-5032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-xrp","tag-xrp-chart-analysis","tag-xrp-news","tag-xrp-price","tag-xrp-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5032"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5033"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}