Analyst Makes Bullish Projection As XRP Enters Final Wave

After a period of relative stability, XRP appears to be entering a decisive phase in its market cycle. According to Xoom (@Mr_Xoom), a crypto expert and head of marketing at XRPMarkets, the token is currently moving through the final phase of a classic five-wave Elliott Wave structure.

Xoom’s recent analysis provides a detailed view of XRP’s trajectory, disputing some recent claims about the asset’s wave positioning.

Correcting Misconceptions About XRP’s Current Position

While some analysts have claimed XRP is in the middle of wave 3, Xoom’s chart offers a different assessment. His analysis shows XRP completed Wave 3 earlier in the cycle when it surged from $0.50 to $3.39 between November 2024 and January 2025, rising by approximately 575%.

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He noted that Wave 3 of the Elliott Wave pattern typically represents the longest and most powerful move in a five-wave sequence. This distinction is important, as it changes the outlook for XRP’s remaining potential upside.

Xoom asserts that the asset has already begun wave 5, the final upward movement in the cycle. Historically, wave 5 is often shorter and less aggressive compared to wave 3, but still significant in terms of potential gains.

Forecasting the Wave 5 Target Zone

XRP traded at $3.04 at the time of Xoom’s analysis, and he expects the current wave 5 move to push the asset into the $7 to $10 range. This would represent a gain of 320% to 500% from present levels. While that increase is less than the 575% move seen in wave 3, it still suggests strong upward momentum remains.

Another prominent analyst recently predicted a similar target with a cup and handle pattern, and Xoom’s chart outlines each of the five waves with clear entry and exit points. Wave 1 marked the initial rise in early September, followed by a corrective wave 2 into November.

A steep rally formed Wave 3 from December to January 2025, and Wave 4 retraced that move in early February, continuing until May. Since then, XRP has started wave 5, and the price action through July confirms this upward trend.

While some might have been anticipating a more extended wave 3 ahead, this clarification implies that XRP’s strongest upward phase has already occurred. Still, the projected target zone of $7–$10 offers notable upside and will see XRP reach a new all-time high.

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