$XRP may be entering the final and most explosive stage of its current bull cycle, according to renowned crypto analyst Mr. Xoom. Using Elliott Wave Theory, he argues that XRP has already moved past Wave 3 and is now riding Wave 5 โ the last leg of the five-wave pattern.
Mr. Xoom points out that Wave 3 is usually the most powerful rally in any cycle โ and XRP didnโt disappoint.
๐ From just $0.50 to a jaw-dropping $3.39, XRP surged 575% during Wave 3 between November and late January. After that historic run, the market cooled off in Wave 4, dropping below $2 and hitting a $1.60 low in April. But thatโs when the bulls made their move.
The Final Push
From the April bottom, .$XRP roared back, reaching $3.66 in mid-July โ its highest level in nearly eight years โ marking a 129% rebound.
Now, Mr. Xoom believes Wave 5 could send XRP soaring to $7โ$10 in the coming months. ๐ฐ At $7, $XRP market cap would hit $415B (close to Netflix & Mastercard). ๐ฐ At $10, it could be worth $600B, rivaling Visa. While Wave 5 may not match Wave 3โs intensity, it could still mark the peak of this cycle โ and a potentially life-changing rally for holders.
Other Analysts Agree โ Bigger Moves Possible. Other Analysts Agree โ Bigger Moves Possible
XForceGlobal (Koreaโs first certified Elliott Wave analyst) predicted a breakout to $10+, citing a completed WXY corrective pattern in April. EGRAG used Elliott Wave + Fibonacci analysis to target $9โ$10, with an extreme case of $27 if momentum holds.