Analysts Indicate XRP Price Could Rise 13 Times to Reach $30 in This Cycle

As Ripple's legal troubles are gradually easing, optimism among analysts and traders is on the rise. An analyst focused on price charts stated that XRP has the potential to rise thirteen times to reach the $30 mark by the end of this cycle. This forecast, made by a chart analysis analyst and supported by other market observers, is based on long term technical analysis using the Elliot Wave theory. According to the monthly Heikin-Ashi chart analysis since 2014, XRP has completed the first four waves of the classic Elliot Wave structure and is currently entering the fifth wave, which is likely to be the most explosive. Analysis shows that, for many years, XRP has traded in a prolonged consolidation phase and price action corresponding to the extended correction of Wave 4. Elliott Wave theory suggests that such prolonged corrections may precede particularly strong impulse waves (Wave 5). This prediction is supported by many other analysts, such as Davinci Jeremy, who believes the target price will be 20 dollars or higher. Some factors cited as potential catalysts for such significant price volatility include favorable macroeconomic conditions in the broader cryptocurrency market. The main factor will be the increasing ability of exchange-traded funds (ETF) based on XRP in various jurisdictions. Another important factor is the clarity expected from Ripple's ongoing legal proceedings with the U.S. Securities and Exchange Commission (SEC). Along with the increasing trend of digitization, this could rise the demand for fast and cheap payment solutions like XRP. The projected timeline for this potential move spans from late 2025 to mid-2026, indicating a multi-year play rather than a quick rise. Analysts emphasize the importance of risk management and having an exit strategy.