XRP News Today: XRP Price Target Hits $8.44 as Analyst Forecasts 166% Surge on Elliott Wave Fibonacci Analysis

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 4:06 am ET1min read
XRP
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Aime RobotAime Summary

- Technical analyst ChartNerd predicts XRP could reach $8.44 using Elliott Wave and Fibonacci analysis, projecting multi-digit gains from current $3.17 levels.

- Historical patterns show XRP emerging from a decade-long consolidation phase, with 2024 breakout aligning with extended bullish trajectories.

- Fibonacci extensions ($8.44-$27.23) and declining on-chain selling pressure strengthen the case for sustained momentum in Wave 5.

- Analyst acknowledges speculative nature of forecasts, urging investors to consider regulatory risks and macroeconomic factors alongside technical indicators.

Technical analyst ChartNerd (@ChartNerdTA) has drawn significant attention in the cryptocurrency community with a long-term

XRP
price forecast suggesting a potential rise to $8.44 and beyond. The analysis, shared on social media and published by TimesTabloid, employs Elliott Wave theory and Fibonacci extensions to project a bullish trajectory for Ripple’s native token. ChartNerd argues that XRP is emerging from a multi-year consolidation phase, with Fibonacci levels and structural patterns indicating a high probability of multi-digit price gains [1].

The Elliott Wave model applied to XRP’s monthly chart outlines a structured decade-long cycle. Wave 1 began in 2014, followed by a downturn in Wave 2 and 3, which reached a peak of $3.36 in early 2018. A subsequent decline marked Wave 4, hitting a low of $0.0114 in 2020, before entering a symmetrical triangle consolidation phase. A breakout to $3.39 in late 2024 and early 2025 confirmed the triangle’s resolution, aligning with historical patterns of extended consolidation preceding major rallies. ChartNerd posits that the current rally to a new all-time high of $3.65 signals the market is in Wave 5, a phase historically linked to substantial price extensions [1].

Fibonacci analysis further strengthens the bullish case. During the 2017-2018 rally, XRP closely followed key Fibonacci levels: 1.272 ($0.14361), 1.414 ($0.22030), and 1.618 ($0.40732). Applying the same ratios to the current Wave 4 base and Wave 1-3 structure generates new targets: $8.44 (1.272), $13.65 (1.414), and $27.23 (1.618). These levels form the basis for ChartNerd’s forecast, positioning $8 as an initial milestone in a broader multi-year uptrend [1].

Volume trends add credibility to the thesis. ChartNerd notes a declining volume slope during the consolidation phase, indicating reduced selling pressure. The 2024 breakout coincided with a reduction in on-chain selling activity, a structural shift often preceding sustained price momentum. This combination of technical indicators—Elliott Wave alignment, Fibonacci precision, and volume trends—creates a compelling case for XRP to reclaim and surpass historical highs [1].

However, the analysis remains speculative. While the technical framework provides a historical roadmap, market conditions, regulatory developments, and macroeconomic factors could alter the trajectory. As of the latest data, XRP trades at $3.17, below the projected $8 threshold. Investors are advised to conduct independent research and consider these forecasts as part of a broader risk assessment.

Source: [1] [XRP to $8? Analyst Says FIBS Never Lie About Coming Recoveries] [https://timestabloid.com/xrp-to-8-analyst-says-fibs-never-lie-about-coming-recoveries/]

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