TradingView analyst Ahmad Kazemii has outlined two potential trajectories for XRP using Elliott Wave theory.
His latest chart, titled “XRP 2 Scenario,” presents both a primary and an alternative path that could unfold as the current market cycle draws to a close.
XRP Base Case Targets for Blue Scenario
The blue path on the chart represents Kazemii’s favored outlook. This scenario projects a continued bullish impulse that could lift XRP toward the $8–$9 range. He notes that the asset is nearing the end of its current cycle, which supports expectations for a strong upward move before momentum slows.
Notably, XRP has already seen two rounds of explosive moves, each bringing it closer to breaking its stubborn 2018 peak.
In the first case, XRP rallied from $0.50 to $3.40, then cooled off, dipping to $1.60. The second rally saw it resume from that low, reaching $3.66, before dropping to $2.69. It has since recovered slightly to above $3 at press time.
Market analysts believe XRP still has one more leg up before the bears take over completely. They view the upcoming uptrend as the one that could finally see XRP breaking past the $3.84 peak.
For context, Kazemii’s base case of up to $9 represents roughly a 3X gain from XRP’s current position. However, he believes there’s a possibility the coin could deliver more than a 3X surge.
Red Scenario: Extended Rally Could Reach $11
The red path on his chart depicts a more aggressive rally, suggesting that if buying pressure continues beyond initial resistance levels, XRP could stretch higher to around $11.
Kazemii highlights this zone as a key Potential Reversal Zone (PRZ), an area where the price could face strong resistance and reverse.
While both scenarios are bullish, the analyst cautions that these projected levels, apart from the $11 PRZ, should not be viewed as definitive tops. Instead, traders should closely monitor price reactions at upcoming resistance zones to determine whether the blue or red scenario is playing out.
Notably, other analysts also share Kazemii’s view that XRP could soon approach the $10 mark.
“$11 Price Is Realistic”
In a recent update, analyst Dark Defender, also using Elliott Wave theory, said XRP has broken past its initial resistance that had capped its momentum. He now sees the coin progressing toward the $6 price range in the short term.
Separately, analyst CryptoInsightUK recently stated that technical momentum and strengthening fundamentals support XRP’s potential to reach $11.
He cited the upcoming launch of XRP DeFi platforms like Flare and highlighted CME futures trading volume exceeding $1 billion in XRP as signs of strong institutional demand.
Coupled with expected ETF launches next month, he emphasized that $8 to $11 is a reasonable expectation for XRP in the near term.
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.
