Ripple’s XRP token and immense community support in the market over the years contributed to its recent positive trend. Market expert XForceGlobal’s analysis suggests that XRP could be gearing up for a major price surge, with projections pointing to $20. This movement is based on technical indicators, particularly the Elliott Wave theory.
Charts Indicate Strong Support
XForceGlobal’s chart analysis reveals that XRP is in a breakout phase in 2025, with the Fibonacci extensions hinting at a $5 price target. Yet, that’s just the start, as more price action hints at a move to the $20 zone.
According to the analyst, XRP has been able to outpace Ethereum (ETH) even through market stress, something that reiterates the strength of the market position. The breakout, confirmed by a triangular formation, hones the stage for a big upward movement.
“Also, XRP continues to outpace $ETH in dominance, even in times of market stress. If that’s not strength, I don’t know what is.”
At press time, Ripple is in the final wipe of its correction. The cryptocurrency’s higher lows show a strong foundation for continuing to rise. This can help confirm the token’s continued upward momentum in key Fibonacci retracement levels. So long as Ripple can sustain these support zones, its bullish trajectory will continue.
Elliott Wave Cycle and Future Predictions
XForceGlobal has employed the Elliott Wave theory to calculate the XRP price action. This theory divides price movements into five impulsive waves and three corrective waves. In the expert’s analysis, XRP is in the second wave after a breakout above a long-term resistance trend line.
XRP/USD 1-Day Chart (Source: X Post)
Wave (2) tends to retrace some of the gains seen during the first phase (1). Ripple is currently consolidating and setting important support at key Fibonacci levels, including the 100 retracement level. This suggests XRP is getting ready for the next upward move, wave (3) (which is usually the longest and most powerful wave).
Price Targets and Fibonacci Extensions
According to the Elliott Wave theory, Wave (3) supports a price target of $20 for Ripple. If this wave develops all the way, XRP could break past previous resistance levels and reach this target. If this milestone is reached, the fourth wave of the corrective phase will set in, resulting in a dip in the price.
However, the excitement doesn’t end there, as wave (5), the final impulsive phase, can propel Ripple toward the $30s. Getting to these price levels will not be fast. Nonetheless, the long-term potential for XRP is bullish, with the short-term prospects still unclear, considering broader market conditions.
If the project continues to progress as smoothly as it has to this point, Ripple could take several years (even a decade) before reaching these lofty price points. In the short term, XRP is highly uncertain, but on a five-year forward view, it has tremendous growth potential.
XRP’s Present Price Action
XRP trades at $1.99 at press time with 10.74% gains in the past 24 hours as the market showed high activity. At present Ripple has a market capitalization of $116.42 billion, an increase of 11.35%.
Besides, the total 24-hour volume is $7.46 billion, up by 0.12%. The price and volume spike seen here signals the market’s increasing interest in Ripple, signaling additional movement as the market reacts to current happenings.
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