Ripple’s XRP is back in the crypto spotlight, with its Elliott Wave setup signaling a hot move and traders eyeing the elusive $3.88 target. The bulls aren’t just dreaming—Wave 5 is unfolding after a textbook sequence of surges and shakeouts, and the next run could redefine market sentiment.
## Charting the Wave 5 Drama
- **April 2025**: The bullish cycle kicked off with a clean five-wave pattern, according to Elliott Wave analysts. XRP set a low, then exploded:
- Wave 1: Peaked at $2.655.
- Wave 2: Healthy correction to $1.9112.
- Wave 3: Ripped to $3.66—XRP's highest since the last cycle.
- Wave 4: Found solid support at $2.736, shaking out weak hands.
Now, Wave 5 is live—XRP’s pushing higher, with $3.88 calling like a siren to momentum traders and technical analysts alike[1].
## Why Is $3.88 So Key?
- The $3.88 mark isn't just a psychological milestone—it’s drawn from the 123.6% inverse retracement of the Wave 4 correction.
- A definitive break above $3.66 would kill off any double-correction scenario, unleashing potential for a sustained bullish rally[1][5][7].
## What Do the Pros Say?
- Some analysts see even loftier targets if the pattern completes cleanly. Current projections vary, with bullish estimates for Wave 5 stretching from $4.20[7] to as much as $7–$10 under the right conditions[4][5].
- Key technicals: Volume remains strong, higher-lows structure is intact, and every dip above $2.736 has buyers stepping in with conviction[1][7].
## The Bottom Line
XRP’s fresh Wave 5 advance isn’t just about technicals—it’s the crypto world’s latest high-stakes drama, where technicals and sentiment collide. With momentum building, breaking above $3.66 could catapult XRP straight toward $3.88, kicking off the next phase of speculative frenzy. Ignore the noise, watch the line—because in this market, the only thing hotter than XRP’s price action might just be the emotions riding on its next move.
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XRP price at last check: $3.31.
Top resistance to watch: $3.66, then $3.88.
Bulls: Eyes on Wave 5 glory.
Bears: Last stand below $3.66.
This chart—this moment—could fire up the next XRP bull run![1][5][7]