XRP continues to generate significant bullish momentum, with prominent analysts predicting a potential surge to $20 and beyond. As recent analysis highlighted key recovery signs around the $2.35 level, new technical patterns suggest an even more dramatic upside ahead.
Elliott Wave Analysis Points to Major XRP Breakout
Leading crypto analyst JackTheRippler, who commands a following of nearly 390,000 on X, has identified a textbook Elliott Wave structure forming in XRP’s price action. According to his analysis, XRP has completed wave (i) and is finalizing a corrective wave (ii) structure, setting up for an explosive wave (iii) that could catapult prices toward $16.
The Elliott Wave projection suggests:
- Wave (iii): Target $16 (strongest momentum phase)
- Wave (iv): Consolidation period
- Wave (v): Final push beyond $30
Three-Phase Momentum Analysis Confirms Bullish Outlook
Crypto trader STEPH presents a complementary analysis breaking down XRP’s rally into three distinct momentum phases. His technical analysis identifies:
- Pump 1: Completed (July 2024)
- Pump 2: Completed (Early 2025)
- Final Pump: Projected $25-$40 range
Key Technical Levels to Watch
For the projected rally to materialize, several technical confirmations are required:
- Primary resistance: $3.40 (2018 all-time high)
- Current support: $2.29
- Volume confirmation needed above $3.40
FAQ: XRP Price Prediction
What is the current XRP price?
XRP is trading at $2.29 as of this writing, showing a minor 0.3% decline over 24 hours.
What is the highest price target for XRP?
Some analysts project XRP could reach $30-40 in this cycle, though more conservative estimates target the $20-25 range.
What technical indicators support the bullish case?
Elliott Wave structure, momentum analysis, and historical price patterns all suggest significant upside potential.
While these predictions show promising technical setups, investors should conduct thorough research and manage risk appropriately. The cryptocurrency market remains highly volatile, and past performance doesn’t guarantee future results.
