XRP’s 5-Wave Surge: When Will It Shatter $5 All-Time Highs?

XRP's chart is painting a bullish masterpiece—and the 5-wave count suggests a moonshot past $5 is locked in. Here's when the rocket ignites.

The Elliott Wave Blueprint

Technical analysts are buzzing about XRP's textbook-perfect wave pattern. If history rhymes, this setup could catapult prices beyond previous all-time highs—smashing through the $5 barrier like a hot knife through institutional FUD.

Timing the Breakout

Wave theorists point to converging indicators that typically precede parabolic moves. No crystal balls here—just cold, hard Fibonacci levels and trendlines screaming 'accumulate.'

Bankers Hate This One Trick

While Wall Street fiddles with synthetic ETFs, XRP's organic growth pattern is doing what crypto does best: bypassing gatekeepers. Just don't tell the suits—they're still waiting for 'regulation clarity.'

One thing's certain: when this wave crests, the FOMO will make 2021 look like a warm-up act.

XRP To Rally Above $5 Based On 5-Wave Count

In an X post, XForce shared an accompanying chart that showed that XRP could rally above $5 on the Wave 3 impulsive MOVE to the upside. The altcoin could even rally to double digits and touch $13 on this move. The chart also showed that XRP will reach this target by year-end or early next year.  

Based on the 5-Wave count, XRP will then witness a price correction to around $5 on Wave 4 before it then rallies to around $25 on Wave 5, an impulsive move to the upside. XForce is confident that the current price action is going according to plan. He noted that the macro direction was met with very little margin of error. 

Furthermore, the crypto analyst remarked that everything from the Wave 4 triangle breakout to the anticipated 1 to 2 pullback following the 5-wave impulse followed the blueprint. In line with this, he declared that there is no valid reason to adopt a bearish stance unless the market invalidates the bullish case for XRP.

XForce also affirmed that XRP is within the bounds of the same two scenarios but that the ultra-bullish scenario of a rally to double digits is gaining more credibility by the day. The more conservative scenario for the altcoin is a rally to $4, which could still mark a new all-time high for XRP. The analyst earlier declared that all scenarios on the medium timeframe still show the altcoin reaching a new ATH in this market cycle. 

XRP Consolidation Has Reached Its Peak

In an X post, crypto analyst CasiTrades stated that the XRP consolidation has finally reached its apex and that something big is coming next. She remarked that the altcoin could either record an explosive breakout or see one final sharp drop to support that ignites a breakout. Either way, XRP looks likely to rally to the upside soon. 

CasiTrades stated that the XRP price continues to struggle with the $2.25 level. As long as this level remains resistance, she claimed that it increases the likelihood of the altcoin dropping to support levels at $2.01, $1.90, and even $1.55. However, the analyst declared that these aren’t bearish targets but momentum zones, where the market grabs the liquidity it needs to build momentum for Wave 3. 

At the time of writing, the XRP price is trading at around $2.16, down in the last 24 hours, according to data from CoinMarketCap.