XRP Primed for $4.20 Surge as Wave 5 Momentum Accelerates

XRP bulls are charging—again. The fifth wave of its Elliott cycle is gaining steam, and analysts now eye a $4.20 target. That’s not a meme-worthy typo; it’s a technical reality.

Wave Theory in Action

Patterns suggest an impending breakout. After months of consolidation, XRP’s chart mirrors classic impulse waves—just as traders predicted during its last bull run. The $4.20 mark? A Fibonacci extension level screaming 'buy.'

Market Mechanics at Play

Liquidity pools are shifting, and derivatives open interest is spiking. Whether this is organic demand or leveraged speculation (hello, crypto casinos) remains debatable. But the charts don’t lie—volatility is coming.

Regulatory Ghosts Lurk

Remember the SEC lawsuit? Of course you do. While Ripple’s legal limbo lingers, traders seem to care less—price action trumps bureaucracy. Classic crypto.

Bottom Line: XRP’s setup screams opportunity—or trap. Either way, buckle up.

Key Technical Points

• Current Structure: Price action aligns with a bullish Elliott wave count.
• Wave 5 Target: Fibonacci 1-1 extension at $4.20.
• Volume Confirmation: Healthy bullish influxes signal sustained demand.

From a structural standpoint, the initial wave 1-2 sequence corrected into the value area low, triggering a breakout rally that reached the all-time high, a MOVE that confirmed wave 3 expansion. Following this, price action corrected into the $2.80 high time frame support, reacting strongly at the value area high in confluence with the 0.618 Fibonacci retracement. This correction aligns with the characteristics of wave 4 in Elliott wave theory.

Currently, XRP appears to be in the early stages of a wave 5 expansion, which technical projections place NEAR the Fibonacci 1-1 extension at $4.20. This level represents the measured move target for the completion of the bullish impulse wave sequence. Upon reaching this region, XRP may either enter a corrective phase or continue in a different structural pattern depending on market conditions and sentiment.

A push into the $4.00+ zone WOULD also mean price action breaks beyond the previous all-time high, with Fibonacci resistance acting as a magnet for price to test before any meaningful pullback occurs.

The volume profile further supports this outlook. Recent sessions have shown steady bullish volume influxes, which are critical in confirming that demand is present at current levels. Sustained buying activity in a trending market is often a precursor to continuation, and in the context of the Elliott wave count, it strengthens the case for a final upside leg.

As long as XRP maintains its higher low structure and volume remains supportive, the wave 5 projection remains technically valid. Any significant breakdown below recent structural supports would require re-evaluation, but for now, the $4.20 region stands as a realistic and technically justified target.

What to expect in the coming price action

XRP is likely to continue its wave 5 expansion toward the $4.20 Fibonacci extension if structure and volume remain aligned. A test of this region could complete the current bullish cycle.