XForceGlobal, Korea’s first certified Elliott Wave analyst, has presented a bold, data-driven forecast for XRP.
He stressed that the digital asset is setting up for a bull run that could propel it to new all-time highs. According to XForceGlobal, XRP is making significant moves on shorter time frames, presenting clues about how it might reach new highs.
He noted that the asset has surged 40% from its previous lows but is currently experiencing a short-term pullback, which, according to him, is nothing to worry about.
XRP Corrective Phase Complete
Notably, the analyst highlighted that XRP has completed a WXY corrective pattern and is now setting the stage for a continuation of its larger bullish cycle.
The initial wave W was the market’s first reaction to the take-profit trend following a strong rally, during which XRP experienced a six-fold price surge. Wave X, the connector wave, briefly resumed the prior bullish trend but lacked strong momentum.
Wave Y then completed the correction with another structured move to the downside, forming a second zigzag. Together, this W-X-Y sequence concludes the corrective phase. This potentially marks the end of the retracement and sets the stage for the next impulsive move.
He characterized XRP’s decline from its January 2025 peaks as a healthy, controlled retracement rather than a bearish breakdown. During this period, the price of XRP dipped by approximately 51%, from $3.34 to $1.64. At press time, the asset is trading at $2.19, having rebounded by 33.54%.
XRP Positioning for Wave 3 of a Larger Bull Market
XForceGlobal believes XRP is now in wave 2 of a larger fifth wave, meaning the next major move could be a powerful wave 3. This setup could drive XRP prices significantly higher in the coming months if validated.
His projected targets range from $10 to $20 or even $40, depending on the strength and extension of waves 3 and 5 in the macro structure.
To put it in perspective, his minimum target of $10, which he has consistently maintained, would represent a 350% gain from current levels. The higher target of $40 would equate to an astonishing 1,726% surge.
Korean Markets Syncing with the XRP/USD Chart
Another major point in XForceGlobal’s analysis is the behavior of the Korean spot markets, which he refers to as the “main driver” of XRP price action. Historically, Korean exchanges have often been the first to identify major tops and bottoms, and they are now signaling that a bottom may be in.
Interestingly, he pointed to the synchronization between XRP’s Korean won (KRW) chart and its USD chart as particularly significant. “We’re seeing the same structure on both charts. That adds conviction that wave 2 may be complete,” he explained.
Smart Money Positioning, DCA Strategies
XForceGlobal also believes that smart money is already positioning itself in XRP and that retail interest is returning. In contrast to Ethereum and Solana, which he believes have seen fading enthusiasm, XRP’s community and fundamentals remain strong.
He noted that XRP’s investor base and sentiment have held up better than most of its peers.
Meanwhile, he observed that many investors are still on the sidelines. The analyst predicted that XRP will likely finish this cycle with a vertical, parabolic move to the upside, sparking a new wave of FOMO.
While the possibility of another downside move exists, he suggested that dollar-cost averaging may be more effective than chasing momentum during this phase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
