How High Can XRP Still Go This Cycle? Chartist | XRP News
XRP merchants are as soon as again arguing about upside targets after well-liked chartist Charting Guy reposted a bullish long-term setup and doubled down on his call that XRP can nonetheless attain $8 this cycle. “XRP still going to $8, idc,” he wrote on X within the early hours of Nov. 25, alongside a weekly XRP/USD chart from Bitstamp.
XRP Price Still Has Room To Run
At the time of the screenshot, XRP was trading round $2.25, up roughly 9.8% on the week, with the chart plotting an Elliott Wave construction from early 2023 into a projected peak in 2026. The evaluation is constructed on a dense Fibonacci framework spanning from about $0.25 to a 1.272 extension at $8.29661, which anchors his upside goal.
The inexperienced wave depend reveals a traditional five-wave impulse. Wave 1 launches from the post-bear-market base into the 0.618 Fibonacci degree close to $0.915, the place the primary leg tops out. Wave 2 then retraces for 51 weekly bars (357 days), bottoming simply above the 0.382 retracement at $0.41315.
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Wave 3 is drawn as a steep rally off that base, blasting by way of all mid-range Fibonacci bands and increasing past the 1.0 degree at $3.31700. In the replies, one person advised the spike to round $3.65 had already accomplished the fifth wave; Charting Guy rejected that outright: “it wasn’t… was very clearly a B wave.”
From that high, the chart data a year-long consolidation labelled as Wave 4, annotated as 50 weekly bars (350 days). Price fluctuates between roughly the mid-$2 space and above $3. The Wave-4 low holds above the 0.786 Fibonacci help at $1.61246, by no means revisiting the $1 area.
From this consolidation, the projected Wave 5 shoots increased from across the $2–$2.30 zone—the place XRP is presently trading—towards the 1.272 extension at $8.29661. The “5” marker sits at this degree, and the projection reveals solely a modest pullback after touching the band, implying that this space is handled because the possible cycle cap.
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The Fibonacci grid additionally frames the present battle zone. XRP’s price is oscillating across the 0.888 degree at $2.27404, which strains up virtually precisely with the most recent weekly close, whereas the prior wave-3 area round $3.317 stays the subsequent main resistance band on the chart.
Not everyone seems to be satisfied. “Could still go under 1.50. Still,” wrote one other person. Charting Guy’s response was curt: “no.” That stance matches the technical structure: in his depend, the $1.61 space has already printed the Wave-4 low, and the construction doesn’t embody one other journey beneath that help.
Others pushed for increased numbers. “Was hoping for $20+,” one follower admitted. “could happen,” the analyst replied—earlier than clarifying to a different person that “$20 is not on track but still entirely possible.” His printed chart, nevertheless, attracts no path past the $8.29 extension, underlining that mid-single-digit territory stays his major goal for this cycle.
At press time, XRP traded at $2.20.
Featured image created with DALL.E, chart from TradingView.com
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