XRP could be preparing for one of its most explosive moves yet—if the popular Elliott Wave theory proves accurate. According to analysts, a strategic pullback might present a once-in-a-cycle entry point. While the token has remained relatively stable in recent months, signs point to a potential third wave rally that could send prices soaring as high as $20 in the long term.
📉 Temporary Dip or Generational Opportunity?
XRP has been trading sideways in a tight band near $2, showing reduced volatility and fading momentum. However, chart specialists argue this could be the classic “calm before the storm.” Analyst group XForced Global recently shared their Elliott Wave outlook, suggesting XRP has already completed Wave 1 and is now entering Wave 2—a healthy corrective phase. This retracement could push the price below $1.70, possibly even dipping beneath the $1 mark. Far from a cause for concern, this zone is considered by many as a prime accumulation opportunity before the next bullish leg.
🌊 Wave 3: The Most Explosive Phase Could Target $20
According to Elliott Wave principles, Wave 3 tends to be the most extended and powerful upward movement. If XRP aligns with this structure, it could reach $20, implying a near 10x surge from current levels. At that price point, XRP’s market cap would leap to over $1 trillion, placing it in the same league as Bitcoin and Ethereum. After this projected rally, a brief correction (Wave 4) might bring the asset back to around $7, setting the stage for a potential Wave 5 run toward $30. This bullish roadmap suggests a long-term breakout pattern is unfolding, though full realization could span years.
📊 Near-Term Forecast: Critical Support and Resistance Levels
From December 2024 through early April 2025, XRP has ranged between $2.11 and $2.60, with trading volume concentrated within this band. Currently, the token is near the lower threshold, which makes this week crucial. Two possible outcomes are emerging:
🔹 A sustained breakout above $2.11 could lead to rallies toward $2.41 and possibly $2.60.
🔹 A rejection at $2.11 may trigger a retracement to around $1.47 — placing it in the ideal accumulation zone for long-term holders.
Upcoming market catalysts include Bitcoin’s overall momentum, U.S. Federal Reserve decisions, and geopolitical developments like trade policies between global superpowers—all of which could influence XRP's trajectory in the short term.
🧠 Final Take: Calculated Risk or Timely Strategy?
Whether you rely on technical setups or macroeconomic sentiment, XRP's current price action might represent a rare strategic entry point. Analysts believe the potential dip below $1 isn’t a sign of weakness, but rather, a springboard for what could be one of crypto’s most dramatic rallies. For those who’ve done their research, this may not be a risky gamble—but a well-timed move ahead of a powerful uptrend.
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