XRP to $40? Bold Elliott Wave Prediction Ignites Debate

The crypto market is no stranger to surprises, but a new forecast has set the XRP community abuzz. South Korean Elliott Wave analyst XForceGlobal predicts XRP could skyrocket to $40, a claim recently highlighted by crypto YouTuber Zach Rector.

XForceGlobal, who has made similar projections before, believes XRP is following a classic five-wave Elliott pattern. Adding fuel to the speculation is the “Kimchi Premium,” with XRP trading at a 5-10% markup in South Korea, signaling strong demand.

Currently priced at $2.34 after a recent rebound from $1.90, XRP has seen a rough month with a 16% drop. However, technical expert John Bollinger notes its resilience, reinforcing optimism for a potential breakout.

If the prediction holds, XRP could surge 1,610%, but skeptics argue a $40 target is overly ambitious. More conservative forecasts place XRP around $10 this cycle, while others predict $40 could take years.

Will XRP defy expectations, or is this just another overhyped call? The debate rages on, and all eyes are on XRP’s next move. $XRP