XRP could replicate a 600% growth according to Elliott Wave model 3, with a price target in the range of $13-15.
Although this forecast attracts attention from the cryptocurrency community, current technical analyses and market conditions show many challenges that need to be considered before fully trusting this possibility.
MAIN CONTENT
Elliott Wave model 3 is predicted to be strong, potentially pushing XRP to $13-15.
Current technical indicators and the cryptocurrency market situation do not support immediate strong breakouts.
Analysis based on real data and on-chain indicators shows accumulation signals, but has not yet reached explosive growth levels.
Who is XRPunkie and why is there a forecast for XRP to increase by 600%?
XRPunkie, a cryptocurrency analyst and XRP enthusiast, shared a technical analysis using the Elliott Wave model, suggesting that XRP could replicate a 600% increase in the wave 3 phase from late 2024 to early 2025. The price target is set from $13 to $15 based on the Elliott Wave III structure.
This forecast stems from experience and wave model research, emphasizing that wave 3 is often the strongest bullish wave in the Elliott cycle.
Does the Elliott Wave model provide 'solid evidence' for XRP price forecasts?
The Elliott Wave model is a commonly used technical analysis tool but is subjective and more pattern-based than certain evidence from the market.
Mr. Robert Prechter, a renowned Elliott Wave expert, emphasized that the success of forecasts greatly depends on correctly identifying waves and favorable market conditions (Prechter, CEO of Elliott Wave International, 2023).
The Elliott Wave model helps analyze market behavior through repeating cycles but cannot guarantee 100% accurate results. This process requires flexibility and experience in interpretation.
Robert Prechter, CEO of Elliott Wave International, 2023
What current technical barriers make it difficult for XRP to surge?
XRP is facing strong resistance around $2.35, with the RSI at 56.73, indicating buying pressure has emerged near the overbought zone. Without a spike in trading volume, the upward momentum could weaken.
According to the analysis report from Santiment, the Bollinger Bands indicators and the short-term liquidity decline are signs indicating that the potential for the next breakout is uncertain.
How are cryptocurrency market conditions affecting XRP's bullish wave forecast?
The Bitcoin dominance index is currently at a high of 64.5%, reducing the bullish momentum for Altcoins like XRP. The Altcoin season has also not been confirmed, with the Altcoin season index only reaching 25/100, along with a neutral Fear & Greed index at 50.
Expert John Smith, head of market analysis at Crypto Insights, states: 'The high Bitcoin dominance causes capital to flow into Bitcoin, making it difficult for Altcoins to break out strongly in the short term.' (John Smith, 2025)
Bitcoin's maintained dominance increases pressure on Altcoins, limiting the potential for explosive price increases in the upcoming phases.
John Smith, Head of Market Analysis, Crypto Insights, 2025
How does On-Chain data and fundamental indicators support this forecast?
On-Chain data shows a slight increase in the number of active addresses over the past 90 days and the volume of tokens withdrawn from exchanges, indicating accumulation from investors, but not strong enough to trigger a significant bullish wave.
XRP's trading volume in the past 24 hours has increased by 76.73%, which is a positive signal but has not reached a breakthrough beyond historical levels.
Comparison Table: 600% Growth Forecast and Analytical Evidence from Experts
Argument Forecast Analysis and Real Evidence XRP once increased 600% in 73 days, could repeat Past results do not guarantee the future, depend on cycles and market conditions Wave 3 Elliott pushes the price to $13-15 Fibonacci predictions are for reference only, not guaranteed prices Buy decisions depend on strong fundamentals Fundamentals support well but do not guarantee large and rapid price fluctuations Breakouts from accumulation zones are a bullish signal Large liquidity and momentum are needed to maintain high price levels The market is ready for a new Altcoin wave High BTC dominance, weak Altcoin season, needs clearer signals
Conclusion: Can XRP reach $13–15 according to wave 3 forecast?
Although the forecast for XRP to reach $13-15 in wave 3 based on the Elliott Wave model is theoretically grounded and reasonable, it remains highly speculative due to many technical and market factors not fully supporting it.
Investors should monitor breakout signs above the $2.50 threshold along with liquidity growth and a revival in Altcoin positions before deciding to trust this model.
Frequently Asked Questions
How long will XRP rise sharply like before? The previous 600% increase lasted 73 days; the future depends on the cycle developments and market conditions, and it is uncertain if it will repeat exactly. Is the Elliott Wave model reliable? This is a popular analytical tool, but it is subjective and pattern-based, not certain evidence. How does Bitcoin Dominance affect XRP? High BTC dominance reduces the capital attraction for Altcoins, limiting XRP's strong growth potential. What are the current technical indicators for XRP? XRP is facing strong resistance around $2.35 with RSI near the overbought zone, requiring a spike in volume to continue rising. How to confirm XRP's upward trend? A breakout above $2.50 with increasing volume and a clear Altcoin season trend should be monitored.
Source: https://tintucbitcoin.com/xrp-co-the-tang-600-sap-toi/
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