XRP price has waned in activity and popularity as it dropped from $3.40 to $2, where it currently trades. However, this analyst uses Elliot Wave Analysis to predict how low XRP token could drop below $1 before hitting its next double-digit ATH target.
XRP Price Prediction & Elliot Wave Analysis: Crash Below $1 Before $20 Target
Poular crypto analyst XForced Global posted latest thoughts on XRP price action based on Elliot Wave analysis. The X post notes that the first wave is complete as the token rallied from $0.50 to $3.40. Wave 2 will see Ripple’s value drop down to a buy zone that extends from $1.70 to $1.0. Due to the inherent volatility, there might be a drop below the $1 psychological level before Wave 3 kickstarts.
In Elliot Wave Theory, the third wave is the longest wave, and XForced Global notes that XRP price could hit $20. If XRP token achieves this ATH, its market cap at the current supply would 10x and hit $1.16 trillion.
The fourth wave, according to the analyst, will trigger a correction to roughly $7 before embarking on the final wave that will most likely propel XRP price to $30.
It is unsure if the crypto token will achieve this valuation in the short term; assuming that every aspect of the project goes well, it could take a few years and potentially a decade for XRP to hit $20 or $30.
While the long-term outlook for XRP price is extremely bullish and is unrealistic considering the current market conditions, let’s explore short-term XRP price prediction and analysis.
XRP Price Analysis For Next Week
Between December 3, 2024, and April 3, 2025, XRP price traded in a range, creating a value area extending from $2.11 to $2.60. This area is where 70% of the volume was traded in the past four months.
As noted in a previous XRP prediction & analysis, acceptance above the range low of $2.11 could signal strength and potentially propel the price to $2.41 and $2.60. While the first target is where the highest volume was traded in the past four months, the second target is the range high of the aforementioned value area.
XRP/USDT 1-day Chart
For the next week, investors can expect one of two things to happen.
Acceptance into the value area could lead to a rally to retest targets at $2.41 or $2.60.
Rejection at $2.11 could lead to an extended correction to $1.47.
Interestingly, the bearish scenario puts XRP price into the buy zone obtained the aforementioned Elliot Wave analysis.
Conclusion: Factors That Could Affect XRP’s Directional Bias
There are three key events that could impact XRP price moves.
Bitcoin’s price outlook. If BTC shows strength, so will XRP and other altcoins.
Macroeconomic outlook involving the Fed and policy changes it makes. If the Fed decides to cut interest rates, it could provide prompt a risk-on scenario that pushes stock markets and crypto markets higher. Such a development could see price catalyze an acceptance into the value area and revisit $2.60.
US President Donald Trump’s trade war. If the trade war between China and USA cools off, it could allow the stock and crypto markets to flourish.
The post XRP Price Prediction: Elliot Wave Analysis Outlines Sub $1 Buy Zone Before Wave 3 Pushes Price to $20 appeared first on CoinGape.
