Ripple (XRP) Poised for a ‘Crazy’ Surge, Says Crypto Analyst

Ripple (XRP) Poised for a ‘Crazy’ Surge, Says Crypto Analyst

According to the pseudonymous analyst Credible Crypto, Ripple’s XRP might be on the verge of a significant price surge. His prediction is based on the Elliott Wave Theory, a technical analysis model that relies on crowd psychology to forecast market trends.

XRP Price Headed to $20?

In a chart shared by Credible Crypto, XRP’s price appears set to climb as high as $20. The analyst anticipates this target will be reached before the conclusion of the five-wave Elliott Wave rally.

“For non-traders: zoom out a bit so you don’t lose sight of the bigger picture. XRP’s structure looks incredibly clean and bullish right now—it’s truly remarkable. Ignore the noise in the smaller time frames; for a non-trader, that’s just static. The broader outlook is undeniably bullish,” Credible Crypto explained.

Such optimistic predictions about XRP have been rare in recent years. After its bull run in 2018, the cryptocurrency mostly faded from the spotlight, except for its legal battle with the U.S. government.

Positive Momentum Returns

Now, XRP seems to be regaining positive momentum, though the exact reasons remain uncertain. Ripple’s development of its own stablecoin has been highlighted, but it is unclear how this will benefit XRP token holders.

The success of Ripple’s stablecoin still needs to be proven. At present, XRP’s rise seems primarily driven by a technical breakout rather than fundamental developments.

Could a Correction Be Ahead?

Despite his bullish outlook, Credible Crypto acknowledges the possibility of a correction.

He suggests that XRP might first test support levels below $2 before embarking on a potential journey to a new all-time high.

“XRP looks solid here and is forming fresh local demand in the orange zone. Any retest of this area should present good long opportunities for those looking to enter the market. Ideally, we’ll see something similar to what’s depicted in the chart below,” the analyst noted.

Based on his analysis, Credible Crypto expects XRP to rise to $3 before undergoing a more profound corrective phase.

Oliver Harris