XRP News Today: Ripple XRP Poised for 111% to 202% Surge as Wave 5 Begins and SEC Case Closes

Ripple's XRP has emerged as a focal point for analysts anticipating a significant price surge in the near term, with predictions placing the token in the $7 to $10 range. Mr. Xoom, a well-known cryptocurrency analyst, has outlined a bullish scenario using Elliott Wave Theory. According to his analysis, XRP has completed Wave 3, the strongest phase of the pattern, which saw the price climb from approximately $0.50 to $3.39 between early November and late January 2025—a gain of over 575%. Following this, the price entered Wave 4, a corrective phase that saw XRP fall as low as $1.60 in April before rebounding sharply to $3.66 by mid-July [1].

Currently trading at around $3.31, XRP is now in what Mr. Xoom identifies as Wave 5. While this final wave may not deliver the explosive gains of Wave 3, it could still propel XRP to between $7 and $10, representing potential gains of 111% to 202% from current levels [2]. If XRP reaches $7, it would command a market cap of approximately $415 billion, placing it in the same valuation bracket as major corporations such as Netflix and Mastercard. At $10, the token’s valuation could approach $600 billion, rivaling that of Visa [1].

Other analysts have echoed similar forecasts. In April, certified Elliott Wave analyst XForceGlobal predicted that XRP could break out to $10 or higher following a completed WXY corrective pattern. In June, analyst EGRAG projected a Wave 5 target between $9 and $10, with the possibility of reaching as high as $27 if bullish momentum persists [1]. These projections are supported by technical indicators, including a golden cross in XRP’s Market Value to Realized Value (MVRV) ratio. According to on-chain analyst Ali Martinez, this pattern has historically preceded major price surges of up to 630% [3].

However, challenges remain. A negative 90-day moving average in whale flow has raised concerns, with large holders reportedly offloading significant amounts of XRP. The Enigma Trader highlighted that without a return of positive whale flows—typically above 5 million XRP per day—the market could remain under pressure [4].

The regulatory landscape has also shifted in favor of XRP. On August 7, the U.S. Securities and Exchange Commission (SEC) formally closed its case against Ripple, agreeing to drop appeals of a previous court ruling. This development has been interpreted as a major positive catalyst, contributing to a 10.9% price increase in the past week [5]. Legal clarity has improved investor confidence, potentially removing a long-standing overhang on the asset.

At press time, XRP is trading at $3.32, with key support at $3.30. Analysts emphasize that maintaining this level is critical for the token’s short-term upward momentum, particularly in a broader bullish market [6]. The convergence of technical, on-chain, and regulatory factors suggests that XRP may be entering a pivotal phase, with the potential to redefine its position in the cryptocurrency market.

Source:

[1] https://captainaltcoin.com/why-the-next-xrp-rally-could-push-price-to-10/

[2] https://www.binance.com/en/square/post/28083677441930

[3] https://coincentral.com/xrp-price-rally-ahead-key-metric-flashes-signal-seen-before-big-gains/

[4] https://finbold.com/xrp-price-prediction-this-indicator-hints-at-640-rally/

[5] https://coinedition.com/xrp-price-prediction-mvrv-golden-cross-rally/