XRP could be about to explode! A recent analysis suggests a significant price jump is on the horizon.
Wave Theory Points to Big Gains
According to crypto analyst Dark Defender, XRP’s weekly chart shows a classic Elliott Wave pattern. This pattern, similar to one seen before a major rally in late 2024, points to a potential price surge. The analysis suggests XRP is nearing the completion of its first two waves and is poised to enter Wave 3.
This Wave 3 could take XRP to a mid-level target of $5.85 to $6.39. But the real excitement lies in the potential upper targets: $18.22 to $23.20. That’s a massive increase from the current price! Defender even predicts XRP could hit $23 by November 2025 (the projected peak of Wave 5).
Before this happens, a minor correction to around $1.92 – $2.10 is expected. Then, Wave 3 could push XRP past the mid-level target, potentially reaching $11 by September. A subsequent Wave 4 correction to the $7-$8 range is anticipated before the final push to the $18.22-$23.20 range. This represents a potential increase of 735% to 963%!
Positive Market Sentiment Adds Fuel to the Fire
The overall sentiment around XRP is also looking bullish. On-chain analyst Ali Martinez points to a “Golden Cross” between XRP’s Market Value to Realized Value (MVRV) ratio and its 200-day Simple Moving Average (SMA). This is a rare event, often signaling a positive shift in long-term sentiment and potentially kicking off a major price increase.
