XRP Wave Pattern Hints At Rally Toward $6

The XRP wave pattern might be setting the stage for a significant price surge if current analyst forecasts come true. Despite the recent sluggish movement of XRP within a consolidation zone, some experts believe a dramatic bullish rally could be on the horizon.

According to recent market assessments, XRP has managed to hold above several crucial support levels. However, a complete upward momentum shift hasn’t materialized just yet. A comprehensive technical analysis suggests a five-wave formation could emerge soon, signaling a potential rally that might take XRP well above its past highs.

One technical analyst recently offered a breakdown of how XRP’s price could unfold in the coming months. After its attempt to regain the $2.22 mark was rejected, XRP now finds support near $2.13. This lower level may act as the final checkpoint before bulls drive the price forward. Analysts remain firmly optimistic, suggesting that the correction phase is almost over and a wave-based structure could now take control.

The potential wave cycle features five distinct movements. The anticipated first wave is projected to lift XRP’s value to around $2.80. As is typical in Elliott Wave theory, this rise would be followed by a second corrective wave that could cause prices to dip back down to $2.30—a 20% retracement from the first wave’s peak. Still, this pullback is expected to be brief, forming a foundation for a more aggressive third wave.

This third wave is expected to be the strongest among the five and could propel XRP’s price above $4. If such a move materializes, it would surpass XRP’s previous all-time high from 2017, which stood at around $3.80. This would be a pivotal achievement for XRP, rekindling investor enthusiasm and market momentum.

Following the bullish wave three, the fourth wave should bring another mild dip below the $4 mark. This slight drop is considered a natural pause in the broader uptrend and would set the stage for the fifth and final wave. The terminal wave is where analysts foresee XRP hitting a potential high of $6.30, marking the last leg of this upward journey.

What makes this projection even more compelling is the short-term time frame attached to the wave completion. All five waves, according to the forecast, could unfold before the end of 2025. This gives approximately seven months for XRP to complete its projected climb, including corrections and breakouts inherent to the wave structure.

However, it’s not without risk. A major support zone exists at $1.88, and should the price fall below this level, the bullish wave setup may be invalidated. In such a scenario, XRP might enter a downward spiral, extending the correction period or completely derailing the positive outlook.

As investors keep a close eye on XRP’s technical movements, the development of these anticipated wave patterns may serve as critical signposts for upcoming market behavior. If the predicted five-wave structure unfolds as projected, XRP could be poised for one of its most exciting chapters to date, solidifying its position in the next potential alt season.

Related: Expert Advice: Sell XRP If You’re Confused