XRP Final Wave Flashes: Analyst Sets 2-Digit Price Target
2025-07-19 09:03:50
Main Idea
Technical analyst Steph Is Crypto predicts XRP could reach a double-digit price target based on Elliott Wave Theory, with the asset currently in the fifth wave of a bullish pattern.
Key Points
1. Analyst Steph Is Crypto uses Elliott Wave Theory to project XRP's price movement, identifying it as currently in the fifth wave of a 5-wave impulse structure.
2. XRP's Wave 5 is expected to be aggressive, with a potential target of $12, representing a 247.83% increase from its current price of $3.45.
3. Previous waves include Wave 3 peaking at $3.39 in January and Wave 4 consolidating to $1.64 in early February.
4. Other analysts have set similar bullish targets for XRP, suggesting a possible 4x move from its current price range.
5. A successful Wave 5 rally could significantly impact XRP's market cap and renew interest in its role in financial markets.
Description
A new chart from technical analyst Steph Is Crypto (@Steph_iscrypto) highlights a potential fifth and final wave for XRP, suggesting it could soon reach double digits. Using Elliott Wave Theory as the basis, the projection outlines a clear 5-wave impulse structure, with XRP currently positioned at the beginning of wave five. This analysis has gained traction among market participants, and the current price action aligns with the early stages of wave five. The chart shows this as the second most ...
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