As the legal troubles of Ripple XRP are going away, the optimism among analyst and traders is gaining traction. One analyst is drawing focus to price charts says XRP has potential to increase thirteen-fold to hit the $30 mark in by the end of this cycle.
This forecast, presented by a chart savvy analyst and supported by other market observers, is based on a long-term technical analysis utilizing the Elliot Wave theory.
According to analysis of a monthly Heikin-Ashi chart dating back to 2014, XRP has completed the initial four waves of a classic Elliot Wave structure and is now entering the potentially most explosive fifth wave.
The analysis suggests, that as for several years XRP has been trading in the extended period of consolidation and sideways price action corresponds it to a drawn-out Wave 4 correction. Elliot Wave theory posits that such prolonged corrections can precede particularly strong impulse waves (Wave 5).
This prediction is echoed by other analysts, such as Davinci Jeremy, who has called for a $20 or more target.
Several factors are cited as potential catalysts for such a substantial price movement. These include favorable macroeconomic conditions within the broader crypto market. The major factor would be the increasing possibility of XRP-based Exchange Traded Funds (ETFs) in various jurisdictions.
Other key factor is the anticipated clarity from Ripple’s ongoing legal proceedings with the U.S. Securities and Exchange Commission (SEC). Along with the growing trend of tokenization which could increase demand for fast and cheap settlement solutions like XRP.
The predicted timeline for this potential move spans from late 2025 to mid-2026, suggesting a multi-year play rather than a rapid surge. Analysts emphasize the importance of risk management and having an exit strategy
