An analyst using Elliott Wave theory has laid out a detailed roadmap that could take XRP toward $8 or higher in the coming months, provided the current corrective pattern holds.
The crypto asset spent more than six years, from 2018 through 2024, tracing a large symmetrical triangle on the weekly chart. It broke out sharply in late 2024, forming a clear five-wave impulsive advance that the analyst labels wave 1 (A).
That surge has since given way to a three-wave expanded flat correction of equal degree, which the analyst believes is either complete or very close to finishing. Price is now within a well-defined support zone that has been monitored for more than a year.
From here, the highest-probability scenario calls for a fresh five-wave impulsive rally of the same timeframe as the preceding correction. This move, counted as wave 3 or C, is expected to clear the recent high near $3.70 and reach an initial measured target around $6. Because third waves frequently extend, the analyst sees a realistic path to $8-$10 or beyond.
Once that advance concludes, the longer-term picture opens two paths: either a multi-year high-degree correction or a smaller fourth-wave pullback followed by a fifth-wave push that could eventually lift the token into the $20 range. For now, the immediate focus remains on the next leg higher to reach fresh all-time highs.
 
The analyst notes that swing traders riding the anticipated rally will face a practical decision on when to book profits. The entire bullish count would be invalidated by a drop below $0.39, though that level is unlikely to be reached. Nearly two years have passed since the bull market began, and the chart is now testing for a higher low to launch the next leg.
The weekly relative-strength index has already bottomed and is forming a bullish crossover. This supportive signal often aligns with the wave count. A brief new low in the coming days cannot be ruled out, but any such dip would increase the chance of a bullish RSI divergence—an attractive entry point if it materializes.
XRP fell 4.19% in the past 24 hours to $1.432, outpacing Bitcoin’s 2.47% dropped. The advance was underpinned by a high-volume breakout above several key moving averages, confirming stronger buying interest and a clear shift in momentum. A modest rotation back into altcoins, reflected in a rising Altcoin Season Index, has also helped XRP’s higher-beta profile shine against a largely flat Bitcoin.
Traders are watching $1.40 as immediate Fibonacci support. A hold there keeps the $1.48 resistance retest on the table; a close below $1.35 would raise the risk of a retreat toward $1.28.
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