XRP could be on the verge of a breakout, according to crypto analyst XRPunkie, who believes a powerful rally may be taking shape.
Citing Elliott Wave Theory, the analyst says XRP has likely completed its corrective phase and is entering a bullish “Wave 3” — often considered the strongest in the five-wave cycle.
This technical setup has sparked comparisons to late 2024, when XRP exploded from $0.60 to over $3 amid optimism around Ripple’s legal battle with the SEC. While the token has since retraced some gains, it’s still trading above $2.20 — a level that, if momentum returns, could serve as a launchpad.
The projection? A 600% surge that could drive XRP to $12 or even higher. XRPunkie’s outlook assumes that market conditions will mimic the kind of rapid expansion seen during previous rallies. Whether this materializes will depend on more than just technical patterns — investor sentiment and trading volume will be key drivers.
That’s where concerns emerge. XRP’s current daily volume remains well below the peaks seen during its last major run-up. At its height in November, volume soared past $78 billion, helping sustain upward pressure. Today, with activity hovering under $10 billion, buyers may need to step up before any explosive move can gain traction.
Still, the setup is attracting attention. With legal clarity improving and institutional interest rising across the sector, XRP might not need perfect conditions to make its next big leap — just the right spark.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.