XRP News Today: XRP Enters Final Wave 5 With Potential 120% To 215% Gains

Cryptocurrency analyst Mr. Xoom has stated that XRP may now be entering the final leg of a five-wave Elliott Wave pattern, commonly referred to as Wave 5. According to his analysis, the asset has moved past Wave 3, which saw a dramatic price increase from around $0.50 in early November to approximately $3.39 by late January—reflecting a gain of about 575% [1]. This period, according to Mr. Xoom, aligns with the typical characteristics of Wave 3 in Elliott Wave theory, which is the most powerful and extended phase of the upward trend [1].

After this sharp move, XRP entered Wave 4, a corrective phase that saw the price consolidate and fall below $2, reaching a low of $1.60 in April. This period of consolidation allowed the market to stabilize before potentially continuing the upward trend [1]. Following this correction, XRP began a strong recovery, reaching a peak of $3.66 in mid-July, representing a 129% increase from the April low [1]. While the price has since retreated to $3.21, Mr. Xoom believes the broader bullish structure remains intact.

Based on his analysis, Mr. Xoom forecasts that Wave 5 could drive XRP to a price range between $7 and $10 [1]. This represents a potential upside of approximately 120% to 215% from current levels. He notes that while Wave 5 is typically less intense than Wave 3, it can still result in a significant market high for the current cycle [1]. If XRP reaches $7, its market capitalization would approach $415 billion, similar to the valuations of major publicly traded companies. A $10 price target would bring the market cap to approximately $600 billion, comparable to that of global payment giants like Visa [1].

Other analysts have offered similar forecasts. In April, South Korea’s first certified Elliott Wave analyst, XForceGlobal, suggested XRP could break out to $10 or higher, citing a completed WXY corrective structure [1]. In June, analyst EGRAG used a combination of Elliott Wave analysis and Fibonacci extension levels to project a Wave 5 target between $9 and $10, with an extended potential of $27 if bullish momentum continues [1].

Additional forecasts have aligned with this view. TheTradable reported that XRP is currently in Wave 5, with a Fibonacci extension target of $4.20, suggesting an 80% potential increase from the current price [3]. This projection is supported by volume patterns showing consistent upward spikes, reinforcing the likelihood of continued strength. Another analyst noted that if XRP can break above $3.33–$3.35 with strong volume, it could rally to $3.55–$3.60 in the near term, with the $5 level potentially coming into play if the trend continues [4].

The Economic Times also reported that XRP’s recent rise above $3.30 positions it for a potential move toward $3.70 [4]. Meanwhile, a more ambitious long-term target of $27 was proposed by Analytics Insight, though it emphasized that this target is conditional on the completion of a grand Elliott cycle [7].

Some analysts have offered slightly lower but still optimistic projections. A media personality suggested a $7.75 price target for 2025, tied to broader market conditions and Bitcoin’s performance [9]. These varied forecasts, while differing in their immediacy and magnitude, reflect a growing consensus that XRP is in a key phase of its price action.

As long as XRP maintains its current momentum and remains above key support levels, the possibility of reaching $4.20 or higher appears increasingly viable. Analysts are closely monitoring technical indicators and volume for signs of continuation or correction. The convergence of these independent projections highlights the potential for XRP to see a substantial rally in the near to medium term.

Source: [1] Expert Forecast XRP Price for Wave 5 (https://timestabloid.com/expert-forecast-xrp-price-for-wave-5/)

[3] XRP Crypto News: Price Could Explode 80% Higher (https://thetradable.com/crypto/xrp-crypto-news-price-could-explode-80-higher-heres-why-420-is-next--0--v)

[4] XRP eyes $3.70 after $3.30 surge — is the $5 target now in (https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-eyes-3-70-after-3-30-surge-is-the-5-target-now-in-play/articleshow/123237428.cms)

[7] XRP Elliott Wave Analysis Eyes $27 Price Target (https://www.analyticsinsight.net/cryptocurrency-analytics-insight/xrp-elliott-wave-analysis-eyes-27-price-target-potentially-driving-13000-rival-gains-for-assets-like-rtx)

[9] Media Personality Projects XRP Price for 2025 if Bitcoin Hits $145,000 (https://timestabloid.com/media-personality-projects-xrp-price-for-2025-if-bitcoin-hits-145000/)