XRP News Today: XRP Could Surge 280% to $13 in 40 Days Says Analyst

Technician Tony “The Bull” Severino, CMT, has predicted a significant rally for XRP, suggesting that the cryptocurrency could reach $13 within 40 days. This projection is based on an Elliott Wave construction that labels the 2017 peak as the end of Primary wave ③ and the subsequent trading range as a fourth-wave contracting triangle. The price action from 2018 through late-2024 is seen as following the familiar A–B–C–D–E sequence, with each swing bounded by converging trend-lines that compress toward a late-2024 apex.

Severino's analysis highlights the symmetry between the 2017 high and the 2018 low, which measures $2.55, or 1,903.50% from the sub wave-four pivot, and unfolded in six weekly candles on volume of 2.7 billion XRP. With the triangle now resolved to the upside, the analyst counts the initial thrust as wave (1) of the terminal Primary ⑤ and flags a minor pennant developing as wave (4) of the impulse’s lesser degree.

A red vertical projection equal to the 2017 percentage ascent—+1,903.39%—is transposed from the post-triangle base at approximately $0.64 and terminates at $12.73496. The time analogue remains striking: a dashed line, 42 days to the right of the present bar, brackets what would be week six of the prospective surge, accompanied by a placeholder volume note of 113.7 million XRP. Should the fractal relationship hold, XRP would have to accelerate by roughly 250% each week for the next six weeks to satisfy the vertical and temporal targets simultaneously, a pace identical to the parabolic advance that culminated in January 2018.

Severino’s follow-up comment hints that any such spectacle would not obviate a subsequent bear cycle; instead, it would complete the five-wave motive structure and usher in the larger-degree correction that per Elliott doctrine follows every full impulse. For adherents, the practical question is not philosophical admiration of chart symmetry but whether their positioning and risk framework can withstand the volatility inherent in a move that, if realized, would add nearly $9 per coin in little more than a month.

At the time of the analysis, XRP was trading at $3.49. The analyst's forecast suggests a dramatic increase in value, but it is important to note that this is a prediction based on technical analysis and historical patterns, and actual market movements may vary. Investors should consider their risk tolerance and investment strategy before making any decisions based on this analysis.