Cryptocurrency analyst Mr. Xoom has dropped a bombshell market outlook, signaling that XRP may be charging into the fifth and final phase of its current Elliott Wave cycle. Bucking the skepticism of some traders, Xoom argues that XRP has already powered through its third wave and is now riding the crest of the fifth—a phase that often marks the grand finale of a bullish run. Buckle up, because this could be XRP’s moment to shine.
A Look Back: The Wild Ride of XRP’s Waves
Xoom’s analysis paints a vivid picture of XRP’s journey. The third wave, the powerhouse of the Elliott Wave cycle, saw XRP erupt from a modest $0.50 in early November to a jaw-dropping $3.39 by late January—a staggering 575% surge. In Elliott Wave theory, the third wave is the rockstar, delivering the most explosive gains, and XRP didn’t disappoint.
After that meteoric rise, the fourth wave brought a period of consolidation, as markets took a breather. XRP pulled back from its $3+ high, dipping below $2 and bottoming out at $1.60 in April. This correction, according to analysts, was the market’s way of regrouping, setting the stage for the next big move.
The Fifth Wave Ignites
From that April low of $1.60, XRP roared back to life, kicking off what Xoom calls the fifth wave. The rally was nothing short of spectacular, with XRP soaring to $3.66 in mid-July—a level not seen in nearly eight years. That’s a 129% jump from the April low, and even after cooling off to $3.21, the bullish structure remains rock-solid, hinting at more fireworks to come.
Sky-High Targets: $7 to $10 and Beyond?
Xoom is doubling down on the fifth wave’s potential, projecting XRP could rocket to between $7 and $10. From its current price, that’s a tantalizing 120% to 215% upside. While the fifth wave may not match the third’s jaw-dropping gains, Xoom believes it could still deliver a blockbuster finish to this cycle. A $7 XRP would push its market cap to roughly $415 billion, rivaling some of the world’s largest publicly traded companies. At $10, XRP’s market cap would swell to a colossal $600 billion, putting it in the same league as global payment titans like Visa.
Analysts Align: The Fifth Wave Consensus
Xoom isn’t alone in his bullish outlook. In April, Korea’s first certified Elliott Wave analyst, XForceGlobal, predicted XRP could smash through $10 or higher, pointing to the completion of a WXY corrective structure. Meanwhile, in June, analyst EGRAG blended Elliott Wave theory with Fibonacci extensions, pegging XRP’s fifth-wave target at $9 to $10, with a stretch goal of $27 if the bullish momentum goes into overdrive.
This convergence of expert predictions underscores a growing consensus: XRP is in the final stretch of a powerful Elliott Wave cycle, with the potential for a massive price surge before the curtain falls. As the market braces for what could be XRP’s defining moment, all eyes are on whether it can deliver on these lofty expectations.