XRP News Today: XRP's $30 Upside Hinges on a Textbook Elliott Wave 5 Setup

XRP has experienced a recent price increase of 4%, marking a notable but relatively modest move in the broader context of its historical volatility. Analysts, however, suggest that the more substantial rally may still be ahead. The cryptocurrency, which saw a surge of over 400% in the past year, is now drawing attention from technical analysts who highlight favorable chart setups and fundamental developments that could propel its value further.

According to Davie Satoshi, a well-known analyst in the crypto space, XRP is currently in the early stages of a major Elliott Wave 5-cycle. The monthly log chart reveals a textbook correction pattern, with the coin completing wave 4 and entering wave 3—a historically explosive phase. Based on this analysis, XRP could potentially rise to between $8 and $30 before experiencing a pullback. The current price of $2.90 offers a 2.60% gain over the past day, though it remains 12.5% below its 30-day average. This projection implies a potential 3x to 10x upside for current holders.

Further reinforcing the bullish outlook, Ripple has been making strategic moves to expand XRP's utility. The acquisition of Rail Financial and the launch of the RLUSD stablecoin are expected to boost the coin's usage in cross-border transactions. Rail already processes approximately 10% of all stablecoin transactions, and routing these through the XRP Ledger could significantly increase both utility and volume. This development positions XRP as a scalable solution for On-Demand Liquidity (ODL) without heavy reliance on traditional banking infrastructure.

Another major catalyst for XRP is the global adoption of ISO 20022, a new payment messaging standard expected to be rolled out in November. RippleNet's compliance with this standard places XRP in a strong position as a bridge asset for international transactions. Additionally, the resolution of the SEC case has granted XRP legal clarity, as it is no longer classified as a security. This removes a key barrier to institutional adoption and sets it apart from many other altcoins.

The potential approval of XRP ETFs by the SEC in October could further drive demand. Several major firms, including CoinShares, WisdomTree, and Franklin Templeton, have submitted ETF applications, with ProShares already launching a futures ETF. If approved, these products could generate a surge of capital inflows similar to those seen with Bitcoin ETFs, significantly boosting XRP’s institutional profile.

Meanwhile, Dark Defender, another prominent analyst, notes that XRP has completed its fourth-wave correction on the daily chart. This sets the stage for a potential fifth-wave rally, with Fibonacci projections suggesting a target of $4.39 if key support levels hold. The $2.85 level is particularly crucial, as it represents the 23.6% retracement of the recent rally and has historically acted as a pivot point.

Looking ahead, the XRP community is cautiously optimistic. While short-term fluctuations remain common, the combination of technical indicators and real-world use cases suggests that XRP’s growth potential is now driven by utility. With global payments, stablecoin flows, and institutional adoption all contributing to its demand, XRP appears well-positioned for its next major move.

Source: [1] Better Crypto Buy: Ethereum vs. XRP (https://www.nasdaq.com/articles/better-crypto-buy-ethereum-vs-xrp) [2] Analyst Says XRP Setup Is Too Clean to Ignore, Builds Case for $30 Price (https://thecryptobasic.com/2025/09/08/analyst-says-xrp-setup-is-too-clean-to-ignore-builds-case-for-30-price/) [3] Analyst Says XRP Wave 4 Correction Now Complete, Eyes $4.39 as Long as a Key Level Holds (https://thecryptobasic.com/2025/09/04/analyst-says-xrp-wave-4-correction-now-complete-eyes-4-39-as-long-as-a-key-level-holds/)