XRP News Today: XRP Price Could Quadruple to $8 as Legal Uncertainties Clear

Crypto Beast, a well-known analyst in the cryptocurrency space, has asserted that the price of XRP has not yet reached its peak. According to his analysis, the current price of $8 is merely a conservative estimate. His reasoning is based on the belief that XRP is still in the early stages of its growth cycle, with significant potential for further appreciation. This optimistic outlook is supported by the alignment of technical indicators and the resolution of legal uncertainties surrounding the cryptocurrency.

Crypto Beast's analysis suggests that XRP has completed a massive multi-year breakout from a symmetrical triangle pattern, similar to the one that preceded the explosive rally in 2017. This time, the consolidation lasted over six years, and the breakout only happened recently. He believes that XRP hasn’t even come close to its final cycle peak and that $8 is just a conservative target. His reasoning is rooted in both technical patterns and major developments on the fundamental side. For instance, the SEC officially ruled that XRP is not a security, but the market hasn’t fully reacted to that news yet. Such regulatory clarity usually brings serious money into the space, but so far, XRP has mostly stayed under the radar.

The chart shared by Crypto Beast follows a classic Elliott Wave structure. After the initial breakout rally that pushed XRP above $3.00 earlier this year, he expects a brief pullback before the next big leg up. The wave count suggests that XRP could push toward $8–$12 in Wave 3, cool off again, and eventually complete the cycle somewhere between $18 and $24. However, reaching $8 from current levels would still require a major push. At a price of around $2.15 today, XRP would need to nearly 4x to reach Crypto Beast’s minimum target. That’s not impossible, but it does mean the market would need to enter a much more aggressive phase of buying. It would require a rally as strong – if not stronger – than the one seen in late 2024, when XRP exploded from $0.50 to over $3 in just a matter of weeks.

That move was driven by a wave of optimism around the SEC ruling and renewed investor interest, but repeating something of that scale would likely need either a major crypto-wide bull market or another catalyst specific to XRP. So while the $8 target might sound bold at first, it’s not out of reach if XRP can recreate that kind of momentum. But it won’t happen on its own. Traders and investors will be watching closely to see if the next breakout can match the energy of the last one. For long-term holders who have waited through years of legal uncertainty and price stagnation, this could finally be the moment they’ve been hoping for. Even though nothing is guaranteed, Crypto Beast’s analysis gives reasons to believe the real XRP bull run hasn’t even started yet. He ends his post with a confident statement: “When it’s time to sell, I will announce it publicly.” That tells you everything you need to know about his conviction right now.