While XRP hovers around the $2 mark without major price movements, analysts continue to project a promising future for holders in this cycle.
Crypto bulls, led by Bitcoin’s renewed attempt to reach $100K, are driving optimism in the market. However, XRP is still showing minimal price movement. The coin is up 2% today, trading at $2.17, a price that reflects a weekly loss of 1.03%.
Meanwhile, a bold new prediction from analyst Steph has caught the attention of XRP holders. In a tweet, he claimed that XRP is “programmed to hit at least $30 this cycle.”
Although XRP has stagnated around $2 for the past three months and has remained below its all-time high for over seven years, this analyst is projecting a potential 13X return for holders by the end of this cycle.
Notably, the forecast is supported by a technical chart using Elliott Wave Theory on a long-term timeframe.
XRP Chart Promising $30 Price for Holders
The chart uses a 1-month Heikin Ashi candlestick setup to smooth out price noise and highlight broader trends. Overlaid on the chart is an Elliott Wave structure suggesting XRP is approaching its fifth and final wave in a long-term bullish cycle.
Notably, the chart incorporates XRP’s monthly candlesticks dating back to 2014. It highlights that after the 2014 market bottom, XRP entered a bullish Wave 1, which concluded with a corrective Wave 2 in early 2017.
From there, Wave 3 began, pushing XRP from around $0.005 to over $3 by early 2018. This move marked the completion of Wave 3 and ushered in Wave 4, a long corrective phase.
Since then, XRP has struggled to reclaim previous highs, consolidating throughout Wave 4. However, the chart suggests this correction ended in early 2023, laying the foundation for the emergence of Wave 5, which is now forming.
During this ongoing fifth wave, XRP has again approached the $3 mark, hitting a local high of $3.34 before retracing. Despite short-term fluctuations, the broader trend remains bullish, according to the chart, with Wave 5 still unfolding.
Multiple Calls for $30 XRP Target by 2025 to 2026
Analyst Steph believes this final wave could ultimately propel XRP to $30 or higher before a major corrective phase begins.
The projection on the chart suggests this move will unfold gradually, with the final target to occur by 2026. While timelines remain speculative, other market commentators have shared similar projections for XRP, some without relying on technical analysis.
For instance, XRP analyst “J4b1” believes XRP could reach between $6.37 and $30 this year, arguing that buying at $2 remains a good entry point. He cited historical trends, Ripple’s strategic supply control, institutional demand, regulatory clarity, ETFs, and tokenization as key drivers for this surge.
Others, like Davinci Jeremie, believe $24 is possible this cycle, citing favorable government backing.
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.
