XRPunkie, the cryptocurrency analyst, has published an analysis of the daily chart for XRP/USDT, highlighting the bullish Elliott wave pattern and key Fibonacci extension levels that may represent potential profit-taking zones for the ongoing bullish wave. According to XRPunkie's technical forecast, XRP is currently in the early stages of the Wave 3 bullish rally, following the conclusion of Wave I to Wave IV in early 2025.
The chart, based on price movements from early 2024 to July 2025, features a detailed overlay of Fibonacci extension levels that align with Elliott wave theory to suggest the highest level that XRP's next bullish rally could reach.
The analyst points out specific Fibonacci extension targets located between the 1.272 and 3.618 levels. Notably among these are 4.12 USDT at the 1.272 level; 5.31 USDT at the 1.618 level, and 6.00 USDT; 6.16 USDT near the 1.786 and 2.272 levels.
These are identified as potential short-term profit-taking areas for those tracking wave counts and wanting to manage risk in Wave 3. XRPunkie also highlights the 2.618 extension level, around 7.55 USDT, and the 3.0 level at 9.45 USDT, which could signal higher resistance or extension targets for bullish market participants.
XRP's Extended Target Range: $10 to $15
In addition to the Fibonacci profit zones, XRPunkie has reaffirmed a broader price forecast for XRP during the ongoing bullish cycle. The upper boundary of this target range is derived from the 3.618 Fibonacci extension, equivalent to approximately 13.59 USDT.
XRPunkie notes that this level may be achieved through an excessively extended Wave 3, especially if the current market structure remains intact and momentum continues to build. His projected target range remains between $10 and $15, with $13.59 viewed as the potential peak of Wave V if bullish momentum continues.
The chart structure indicates that XRP has emerged from a long-term consolidation range spanning from February to June 2025, following the Wave IV correction. Since then, the price has surged above 3.00 USDT before a recent pullback.
The exponential moving average (EMA) at the 21-period and the simple moving average (SMA) at the 33-period are both trending upward, indicating that bullish momentum remains intact despite a minor correction underway.
Market Conditions and Time Considerations
This tweet is accompanied by a TradingView chart timestamped July 25, 2025, with the XRP/USDT pair trading at around 3.05 USDT. XRPunkie does not provide a specific timeframe for when the expected targets may be reached but emphasizes that the Wave 3 extension may be underway.
The absence of a strict timeframe emphasizes the technical nature of the forecast, focusing on structure rather than time-based predictions.
According to the chart, XRP appears to be adhering to expected Fibonacci levels during the bullish rally. The analyst has highlighted how these levels could serve as both price magnets and resistance points.
However, XRPunkie also acknowledges the inherent unpredictability in the behavior of Wave 3, stating that this move could "exceed" typical targets, reinforcing his belief in a price target of $10 to $15 throughout this Elliott wave cycle.
XRPunkie's Twitter post presents a structured technical roadmap for the potential evolution of XRP during what he believes to be the developing Wave 3.
By combining Fibonacci extensions with the Elliott wave model, the analyst provides a specific price range that traders can monitor as the bullish momentum unfolds. At the time the chart was posted, XRP was trading above 3.00 USDT, indicating that significant upside potential remains if this wave structure plays out as predicted. $XRP
XRP
3.2393
+1.83%
