XRP Could Surge to $50: Elliott Wave Analysis

Elliott Wave analysis suggests that XRP might witness a significant breakout, potentially reaching $50. Currently, XRP is in a corrective phase with a short-term target of $3.50. Positive political support and possible ETF approval could lead to substantial gains in 2025.

Strong Momentum Ahead for Ripple’s XRP

According to the well-known Elliott Wave analyst, X Force Global, charts indicate strong bullish momentum for XRP. With a sixfold return last year, the rally could be just the beginning.

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— EGRAG CRYPTO

Elliott Wave Theory Indicates Major Breakout

Elliott Wave Theory, which helps in identifying market trends through wave patterns, shows that XRP has entered a fifth impulsive wave, attracting strong buying pressure. The analyst predicts a long-term target of $50, resulting in a market cap of $2.6 trillion, outpacing Bitcoin’s all-time high. For this to materialize, Ripple must effectively compete with the SWIFT network for global payments.

Despite uncertain circumstances, institutional interest is on the rise. Currently, XRP is experiencing a corrective phase (waves A, B, and C), having recently entered the ‘A’ wave. This short-term pullback could see prices pushing towards $3.50 before potentially dipping again, followed by a climb towards $20 and concluding at $50.

Potential Factors Driving XRP Higher

The crypto market is influenced by various factors, including economic conditions, political changes, and investor sentiment. Despite the volatility, several bullish indicators could pave the way for further gains.

Notably, Donald Trump has a strong relationship with Ripple CEO Brad Garlinghouse, possibly leading to favorable regulations. Additionally, a pro-crypto SEC might approve a spot XRP ETF, encouraging institutional investment.

If these developments unfold, XRP could emerge as one of 2025’s best-performing assets. With bulls in control and momentum building, a significant breakout could be imminent.