XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	130,097,291,816	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

130,097,291,816

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.220	10.58%	2.30	2.30	2.30

Price Change

Price Change %

Current Price

Bid Price

Offer

0.220

10.58%

2.30

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.34	2.08	2.09	2.08	0.382490 - 2.90

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.34

2.08

2.09

2.08

0.382490 - 2.90

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:16:12	0.600000	2.30	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:16:12

0.600000

2.30

USD

Price x Volume	Volume	Base Symbol	Related Pairs
473,247,856.26	213,276,331.46	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

473,247,856.26

213,276,331.46

XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025

29/12/2024 11:00pm

NEWSBTC

Egrag Crypto, a well-known crypto analyst on the social media platform X, recently shared an optimistic price prediction for XRP. According to the analyst, technical analysis of the XRP price on the weekly timeframe suggests that XRP is on track to reach a price target of $15 by May 5, 2025. Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst The analysis, which is rooted in Fibonacci levels and Elliott Wave theory, offers a long-term bullish outlook for the altcoin despite its recent decline over the past week. This is because the XRP price has been on a decline since the past seven days alongside the rest of the crypto market. Fibonacci And Elliott Wave Analysis For XRP According to Egrag Crypto, the Fibonacci 1.618 level indicates that May 5, 2025, could be a pivotal date for XRP’s price trajectory in the long term. His technical analysis uses auto-Fib time zones and trend-based Fibonacci on the weekly XRP timeframe price chart. Interestingly, this timeline aligns closely with the general sentiment surrounding XRP, as many crypto participants are currently looking forward to a surge in the first half of 2025. As such, the analyst also noted that it remains uncertain whether the predicted surge to $15 will occur before or after this predicted date. Speaking of price timeline, the $15 target is based on actual calculations and the Elliot Wave theory. According to the analyst, XRP is currently in Wave 4, which is the second corrective phase in the Elliot Wave theory. Once this phase is completed, Wave 5 is expected to be the next major move. Wave 5 is traditionally known for being the third impulse wave that pushes the asset’s price to new highs. To estimate the magnitude of Wave 5, the analyst examined the performance of the previous impulse waves 1 and 3. Notably, Waves 1 and 3 were highlighted by price increases of 63.39% and 570%, respectively. Using these figures, Egrag Crypto applied a common Elliott Wave principle that suggests Wave 5 often equals 61.8% of the combined gains of Waves 1 and 3. By applying this school of thought and punching in the numbers, Wave 5 is expected to result in an approximate price increase of around 391% for XRP. In terms of a price target, this translates to a price range around $15. Is A Long-Term Bullish Trajectory Still Valid For XRP? Despite XRP’s current decline over the past seven days, mirroring a broader market downturn, this technical analysis provides a counterpoint to the short-term bearish outlook. Particularly, XRP has been on a decline since it peaked at $2.82 on December 3. Related Reading: XRP Forms Bullish Flag Pattern: What’s Next For The Altcoin? At the time of writing, XRP is struggling to reclaim the $2.20 price level and is still facing selling pressure among some holders. Nonetheless, the cryptocurrency’s fundamentals point bullish, and it could easily resume its price surge anytime soon. At the time of writing, XRP is trading at $2.18 Featured image from Outlook Business, chart from TradingView

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XRPUSD Ripple