XRP May Be Entering Final Leg of Current Bull Cycle — Elliott Wave Analysis Signals $7–$10 Target
XRP could be approaching the final stage of its current bullish structure, according to crypto analyst Mr. Xoom, who applies Elliott Wave Theory to map the asset’s trajectory.
Mr. Xoom contends that XRP is no longer in Wave 3, as some traders believe, but has already transitioned into Wave 5 — the last leg in the five-wave pattern.
Wave 3: The Major Breakout Phase
Wave 3, historically the strongest and longest advance in Elliott Wave theory, saw XRP rally from roughly $0.50 to $3.39, delivering a 575% gain between early November and late January.
Following this surge, XRP entered Wave 4, a corrective consolidation that pulled the price below $3, then under $2, before bottoming near $1.60 in April.
Wave 5: The Final Push
From that April low, buyers regained control, driving XRP to $3.66 in mid-July — the highest level in nearly eight years and a 129% rebound from the Wave 4 bottom.
Mr. Xoom’s analysis suggests that Wave 5 could carry XRP to the $7–$10 range, representing a potential 111%–202% upside from the current $3.31 price. While this rally may not replicate Wave 3’s intensity, it could mark the cycle’s terminal high.
At $7, XRP’s market cap would approach $415B (comparable to Netflix or Mastercard), while $10 would place it near $600B, rivaling Visa.
Other Analyst Perspectives
XForceGlobal (April): Projected a breakout above $10 following a completed WXY corrective structure.
EGRAG (June): Using Elliott Wave and Fibonacci extensions, forecast $9–$10 targets, with an extreme case to $2
7 if momentum extends.