Chartist Sets Bullish Price Target as XRP Wave 3 Unfolds

XRP is once again in the spotlight as bullish momentum builds around its next major move. In a recent post on X, renowned chart analyst XRPunkie shared a detailed Elliott Wave chart outlining the potential for XRP to surge between $10 and $15, with $13 as a key extension target. The technical setup, paired with strong market sentiment, suggests that XRP could be on the verge of a powerful rally. Elliott Wave Structure Points to an Explosive Phase XRPunkie’s chart lays out a textbook Elliott Wave formation, showing XRP having completed Waves I through IV, with the current price action initiating the early stages of Wave V. Within that macro structure, Wave 3 appears to be unfolding , often considered the most powerful and extended of all impulsive waves. After a strong recovery from the Wave IV low in May, XRP surged toward $3.60 before pulling back to retest the $3.00 level. This correction aligns with typical subwave 2 behavior, setting the stage for a potentially explosive Wave 3 to follow. Those fib levels above could be some little Take Profits area for the Wave 3? I believe it could over extend to reach $13. Which is my target of $10-$15. We shall see. $XRP pic.twitter.com/EFtiMnwKRl — XRPunkie (@Shawnmark7899) July 25, 2025 Fibonacci Levels Reveal Strategic Profit Zones The chart highlights multiple Fibonacci extension levels that could serve as potential resistance or take-profit zones as Wave 3 develops. Key targets include the 1.272 level at $4.12, the 1.618 level at $5.31, the 1.786 level at $6.00, and the 2.618 level near $7.55.A key resistance zone between $6.00 and $7.50 (marked in purple) could see price activity converge. Beyond that lies the 3.618 extension, which projects a price of $13.59, aligning perfectly with XRPunkie’s upper target range of $10 to $15. He suggests Wave 3 may extend to this level, supported by the chart structure, if bullish momentum picks up. Technical Indicators Support the Bullish Outlook Despite a brief correction, XRP remains technically strong. The daily chart indicates a healthy uptrend, with the price holding above both the 21-day EMA and 33-day SMA. XRP is currently trading around $3.05, with no lower lows formed, suggesting that the correction is likely a temporary consolidation before the next leg higher. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The broader crypto environment also favors XRP’s rally. Regulatory clarity in the U.S., along with renewed institutional interest in digital assets, is helping boost market sentiment. Political support under President Donald Trump’s administration has also reignited optimism across the crypto sector. XRP’s technicals suggest a historic rally could be on the horizon, with Wave 3 potentially targeting $13.59. XRPunkie’s analysis provides a clear roadmap backed by proven Elliott Wave theory and Fibonacci extensions. With strong technical indicators and favorable macro conditions, XRP appears primed for a significant move, and the $10 to $15 zone may soon come into focus. As momentum builds, XRP traders and long-term holders will be watching closely to see if the asset can fulfill its bullish blueprint. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Chartist Sets Bullish Price Target as XRP Wave 3 Unfolds appeared first on Times Tabloid .

Source: TimesTabloid