South Korea's top Elliott Wave expert predicts that XRP's price may fluctuate between $10 and $40 in the coming months, which means it could rise 1,726% from the current market level.
The first certified Elliott Wave analyst in South Korea, XForceGlobal, believes that cryptocurrency has entered the completion phase of the correction cycle and is now ready to enter a bull market.
Technical patterns indicate the end of the downward trend.
According to XForceGlobal, XRP has completed what technical analysts refer to as the 'WXY corrective pattern.' This technical pattern usually signals the end of a pullback period.
The analyst states that the W wave is the market's initial reaction to profit-taking after XRP's price increased sixfold. The X wave briefly resumed upward momentum with minimal strength, followed by the Y wave concluding the pullback with another orderly downward trajectory.
The cryptocurrency has fallen about 50% from its peak of $3.33 on January 3, 2025, to a low of $1.638. However, it has since rebounded by 34%, and as of the writing of this article, it is trading at $2.20.
$XRP
We have been calling for this pullback for months.
We are gradually approaching a historic breakthrough above $10.
Progress may be gradual, but it is undeniable. https://t.co/QxWbJRPhMq pic.twitter.com/9lbnZjaTHz
— XForceGlobal (@XForceGlobal) April 24, 2025
Target prices range between $10 and $40.
XForceGlobal's analysis places XRP in the second wave of a larger fifth wave, indicating that the next significant movement will be a strong third wave. The minimum price target set by the analyst is $10, suggesting a 350% increase from current levels. His upper price target is $40, implying an unprecedented 1,726% increase.
This prediction is based on Elliott Wave theory, which attempts to forecast market trends through patterns of investor sentiment in price fluctuations. The prediction relies on the strength and expansion of the 3rd and 5th waves within the overall market structure.
South Korean market as a leading indicator.
XForceGlobal points out that South Korean cryptocurrency exchanges play a crucial role in predicting XRP price fluctuations. Analysts believe that the South Korean market has historically been ahead in identifying important tops and bottoms for XRP.
The similarity between the XRP Korean Won (KRW) chart and the US dollar chart is particularly striking. 'We see the same structure on both charts. This further confirms that the second wave may have completed,' the analyst stated.
Investment strategy recommendations.
Despite XRP's recent price increase of 40% from its low, XForceGlobal believes that the recent short-term drop is typical market behavior. The analyst noted that with the resurgence of retail investor interest, 'smart money' has started to accumulate funds in XRP.
XForceGlobal compares the strong momentum of the XRP community with the lackluster enthusiasm of Ethereum and Solana. The final stage of this cycle may see a vertical parabolic price movement, potentially sparking a new wave of FOMO among investors.
