XRP appears to be following a well-known three-phase Elliott Wave cycle that many analysts suggest could lead to a substantial price surge, potentially marking one of its most significant rallies in the current bull cycle.
Key Insights on XRP's Three-Phase Cycle:
Three-Phase Cycle and Elliott Wave:
XRP’s price action is believed to be progressing through a classic five-wave Elliott Wave pattern with the current phase corresponding to Wave 5, the final leg of a bullish cycle. This phase often sees strong but slightly less aggressive gains after completing a massive Wave 3 surge.Wave Breakdown:
Wave 1: Began September 2024.
Wave 2: Corrective retracement in November 2024.
Wave 3: Major surge from December 2024 to January 2025 with a 575% increase.
Wave 4: Consolidation from February to May 2025.
Wave 5: Current phase, expected to continue upward momentum, possibly culminating in new highs.
Price Targets:
XRP has historically shown similar patterns, with analysts projecting an increase to $7 to $10 (320% to 500% gains) during Wave 5, potentially leading to all-time highs by the end of the bull cycle.Supporting Technical Signals:
Fibonacci retracement levels around 0.854 indicate strong reversal zones.
Stochastic RSI hitting 100 suggests momentum similar to the 2017 peak.
Whale accumulation at all-time highs signals strong institutional interest.
Market Context:
XRP recently surged past key resistance zones (~$3.42-$3.65), with ongoing strength suggesting a breakout could lead to further significant gains. Analysts foresee a potential "euphoria phase" between August and October 2025, where prices might rally toward $8-$11.
Summary Table: XRP Three-Phase Cycle and Price Targets
Conclusion:
XRP’s recent price dynamics align with a classic Elliott Wave three-phase cycle, signaling a potentially massive price jump in the current bull market phase. With technical confirmations, institutional accumulation, and favorable market conditions, XRP could achieve several-fold gains, possibly targeting prices between $7 and $10 in the near future before a consolidation sets in.
This cycle’s culmination could mark one of the strongest rallies in XRP’s history, echoing patterns from previous bull markets and technical setups that many traders watch closely.
