XRP News Today: XRP Poised for 300% Gain to $9 as Fifth Wave Unfolds

XRP is on the verge of a significant technical shift, according to a recent analysis from the YouTube channel More Crypto Online (MCO). The analyst, using classical Elliott-wave mapping, suggests that XRP has been in a five-wave advance since July 2023 and is now poised to enter the terminal "fifth" wave. This wave, if it unfolds under euphoric conditions, could potentially push XRP to $9.

The analyst emphasizes that breakouts are typically obvious only after a large portion of the move has already occurred. In Elliott wave terminology, the market is preparing for a smaller-degree third wave within the larger fifth wave, which is often the most aggressive. The analyst points to a similar setup last year that resulted in an explosive impulse.

On the primary chart, the July 2023 trough serves as the wave-four low of a larger advance. From there, a series of lower-degree one-two formations have carried XRP into wave three and, more recently, into a sideways, three-legged correction that completed in April. The analyst explains that wave four's depth and duration were textbook for a counter-trend pause, suggesting that the current wave could be the fifth wave unfolding.

To determine price objectives, the analyst measured waves 1 through 3 and projected the classic 61.8 percent Fibonacci extension from the bottom of wave 4. This calculation yields $6.20 as a straightforward fifth-wave target. The same measurement’s 78.6 percent extension sits at roughly $9.00, a level the commentator said “sometimes materializes in a very euphoric fifth wave.”

Before discussing prices above $5, XRP must clear several near-term hurdles. The analyst identifies the $2.30–$2.40 range as the first structural ceiling, coinciding with a descending trend-line that has capped every rally since March and with the 100-day exponential moving average. The shorter-time-frame wave count shows why this band matters. From the 7 April swing low, the market printed a clear five-wave micro-structure, implying that a fresh up-trend may already be underway. However, the analyst cautions that resistance in this area around $2.30, structurally $2.40, must be cleared. A decisive break above that shelf would validate a sub-wave (iii) target around $3.30–$3.50, the January swing-high zone the video calls “the next level.”

Every Elliott-wave blueprint comes with an invalidation level. In the MCO model, the entire fifth-wave scenario survives only if the price holds above the April nadir—the start of wave 1 in the current one-two set-up. At the micro level, the bulls must also defend what the video labels “the $1.99 support area.” A deeper retracement to $1.60 (the “red dotted line”) could be tolerated inside an extended wave 2, but any sustained trade beneath that mark would probably mean wave 4 is still developing, pushing back the timetable for a breakout.

The analyst reiterates that as long as the price holds above the April low, this pathway higher remains valid and plausible. Conversely, a failure there would force a re-evaluation of the entire count. Although the headline $9 print grabs attention, the analyst is clear that such an extension presupposes an extreme sentiment shift. Historically, XRP’s rallies have often stalled near the 61.8 percent projection, and the channel’s host reminds viewers that “market sentiment” ultimately decides whether the 78.6 percent extension is reachable.

For now, the focus is squarely on securing an impulsive close above $2.40 and then on challenging the mid-$3 region. Only once that campaign succeeds will the discussion move seriously toward $5.65, $6.20, and, in a parabolic climax, the high-single-digit zone. At press time, XRP traded at $2.23.