Crypto analyst Austin has commented on how XRP could record a 1,500% rally to 
$24 based on an Elliot Wave theory. He also stated that the rally will be 
swift, which is why the analyst warned investors to be prepared when the 
current correction is over. XRP Eyes 1,500% Rally To $24 as Analyst Warns 
Investors To Be Prepared In an X post, Austin shared an accompanying chart 
showing that XRP could rally to $24 on Wave 5 of an Elliot Wave analysis. 
Meanwhile, the altcoin is expected to reach between $8 and $14 on Wave 3, 
which the analyst expects to happen anytime soon. He remarked that XRP is 
well-positioned to begin the macro 3rd wave into price discovery at any 
moment. Related Reading: XRP Price Has Just Reached Most Oversold Level In 
History And This Analyst Is Predicting A Bounce Austin further mentioned that 
the XRP rally on this Wave 3 could be right around the corner or that it could 
take a while longer to work out this correction before the next impulse. 
However, he warned investors to be prepared because when this correction 
resolves, which he is confident it will, it will result in swift and violent 
moves to higher prices just like the Wave 1 move. The analyst also noted that 
the 2.618 extension sits at $8.47 while the 4.236 extension is at $13.64. He 
stated that these are both good targets to aim for, but expects higher prices 
given the length of time XRP has been consolidating and building out its 
current structure. Why XRP Is Ready To “Blast” Into Price Discovery Austin 
stated that on the macro scale, XRP appears ready to enter price discovery at 
any moment. He explained that the altcoin has experienced a 7-year contracting 
triangle accumulation structure followed by an explosive 5-wave breakout to 
test the all-time highs (ATHs) at Macro Wave 1. Related Reading: Analyst Who 
Predicted XRP’s 600% Rally Forecasts The Bottom And A Target Of $10 The 
analyst further noted that XRP has been in an ABC correction/reaccumulation 
for over a year, which has resulted in mass fear and capitulation down to a 
.702 to .786 retrace. He assured that this has been nothing but a macro wave 
2. Meanwhile, Austin also reminded investors that XRP is the only crypto asset 
with complete regulatory clarity in the U.S. following the settlement of the 
SEC lawsuit. He added that Ripple has continued to silently build out the 
infrastructure required to foster global adoption when the time is right to 
“flip the switch.” Notably, the crypto firm recently unveiled its roadmap for 
institutional DeFi on the XRP Ledger (XRPL), highlighting XRP’s role at the 
core of this infrastructure as it rolls out compliance-focused features to 
attract institutions. At the time of writing, the XRP price is trading at 
around $1.44, up in the last 24 hours, according to data from CoinMarketCap. 
Featured image from Adobe Stock, chart from Tradingview.com

XRP’s 1,500% Path To $24: Analyst Warns Investors To Be Prepared For When The Correction Resolves

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