XRP appears poised for a monumental price surge, with advanced wave structure analysis suggesting a potential rally to the $18.22-$23.20 range. This technical forecast aligns with previous bullish predictions for XRP reaching $22, adding credibility to the projected trajectory.
Wave Structure Analysis Points to Massive XRP Rally
Renowned crypto analyst Dark Defender has identified a compelling Elliott Wave formation on XRP’s weekly chart that could trigger a significant price explosion. Currently trading at $2.18, XRP has already broken through a critical descending resistance line, setting the stage for what could be a historic move.
Key Price Targets and Wave Progression
The Elliott Wave structure reveals several critical price levels:
- Initial correction zone: $2.1 – $1.92
- Wave 3 mid-target: $5.85 – $6.39
- Wave 3 peak projection: $11 (September 2025)
- Wave 4 consolidation: $7 – $8
- Final Wave 5 target: $18.22 – $23.20 (November 2025)
Technical Indicators Support Bullish Outlook
Supporting this ambitious price target, on-chain analyst Ali Martinez has identified a rare Golden Cross between XRP’s MVRV ratio and 200-day SMA. This technical formation historically precedes significant price appreciation phases for the digital asset.
Frequently Asked Questions
What could trigger XRP’s price surge to $23?
The combination of Elliott Wave completion, MVRV Golden Cross, and historical pattern repetition suggests a powerful momentum buildup that could drive prices significantly higher.
When is XRP expected to reach its peak price?
According to the wave analysis, the final Wave 5 peak targeting $18.22-$23.20 is projected for November 2025.
What are the key support levels to watch?
Critical support zones include the $2.1-$1.92 range for the current phase and the $7-$8 zone during the Wave 4 correction period.
Investors should note that while technical analysis provides valuable insights, cryptocurrency markets remain highly volatile and unpredictable. Always conduct thorough research and manage risk appropriately when trading.