XRP is tracking same path as gold, analyst says

Core Insights - A cryptocurrency analyst suggests that XRP is entering a potential expansion phase, drawing parallels with gold's recent price movements [1][2] - XRP has experienced a long corrective phase and is now breaking out, similar to gold's trajectory which saw a decisive breakout and subsequent expansion [2][4] Group 1: Price Trends - XRP's price pattern mirrors that of gold, which recently hit an all-time high of $4,549 per ounce after a prolonged corrective cycle [2] - The analyst utilizes the Elliott Wave Theory to illustrate that both XRP and gold exhibit similar wave patterns, indicating a potential price breakout for XRP [3] Group 2: Market Dynamics - The comparison of XRP to gold fits into a broader macroeconomic narrative where hard assets like gold often lead during liquidity shifts, while high-risk assets like cryptocurrencies react later [5]