- Elliott Wave analysis points to XRP potentially hitting $8–$10, with the final impulse wave now forming.
- Key support at $1.90 is critical — a break below it could invalidate the bullish case.
- Sentiment is heating up again, with XRP holding steady above $2 and “Greed” driving the market vibe.
XRP’s been quietly building momentum, and it might not stay quiet much longer. After a long stretch of going sideways, signs are starting to point toward a big move. It’s holding its ground above key support levels, and if bulls keep up the pressure — we could be staring at an explosive push toward the $8.5 mark. Sounds crazy? Not so much if you look at what the charts are saying.
Elliott Waves Suggest Something Big Is Brewing
Crypto analyst Paul Webborn just dropped a fresh update on X, and he’s not pulling punches. According to his Elliott Wave analysis, XRP could be right in the middle of an impulse phase that could shoot past $8 — maybe even hit double digits if things really pop off.
The guy’s been tracking XRP since its June 2022 bottom, which he believes kicked off a new bullish cycle. His chart shows XRP playing out a textbook Elliott Wave structure — Waves A and B are in the past, and Wave C? That’s the one we’re in right now. It’s unfolding in five smaller waves, and we’re somewhere around the final stretch.
According to Paul, we’ve already seen intermediate waves 1 through 4. That leaves Wave 5, which should break down even further into five minor moves. One of those waves (minor 3) could take XRP to the $5–$6 range. The full extension? Somewhere between $8 and $10. Not bad for a coin that’s been sleeping for months.
Now, if XRP dips below $1.90 — that’d break the bullish setup, plain and simple. Paul even warns a drop to $0.287 isn’t off the table if that happens. But so far, that level’s held firm. So the bullish case still stands.
Where We’re At Right Now
As of now, XRP’s holding its ground above $2. CoinMarketCap shows it’s floating around $2.22, up just over 1% in the past day. Nothing wild — but it’s steady. And sometimes, steady is the calm before the rocket ship.
Market mood? Still hot. The Fear and Greed Index is chilling at 64 — sitting squarely in “Greed” territory. That’s usually a sign people are ready to buy the dip, or maybe even ape in before the next leg up.
The Bottom Line?
Nobody knows for sure when the next impulse wave will pop off — but all the signs are there. XRP’s chart looks like it’s coiling up. The sentiment’s shifting. And if the $1.90 level holds, this thing might just launch.
So yeah, XRP might’ve been sleeping. But that snooze could be over real soon.
