How High Can XRP Still Go This Cycle? Chartist Says $8 Possible
XRP merchants are as soon as once more arguing about upside targets after common chartist Charting Guy reposted a bullish long-term setup and doubled down on his name that XRP can nonetheless attain $8 this cycle. “XRP nonetheless 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 buying and selling round $2.25, up roughly 9.8% on the week, with the chart plotting an Elliott Wave construction from early 2023 right 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 rely reveals a traditional five-wave impulse. Wave 1 launches from the post-bear-market base into the 0.618 Fibonacci stage 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.
Wave 3 is drawn as a steep rally off that base, blasting via all mid-range Fibonacci bands and lengthening past the 1.0 stage at $3.31700. In the replies, one consumer prompt 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 assist at $1.61246, by no means revisiting the $1 area.
From this consolidation, the projected Wave 5 shoots greater from across the $2–$2.30 zone—the place XRP is at the moment buying and selling—towards the 1.272 extension at $8.29661. The “5” marker sits at this stage, and the projection reveals solely a modest pullback after touching the band, implying that this space is handled because the possible cycle cap.
The Fibonacci grid additionally frames the present battle zone. XRP’s worth is oscillating across the 0.888 stage at $2.27404, which strains up nearly precisely with the newest weekly shut, whereas the prior wave-3 area round $3.317 stays the following major resistance band on the chart.
Not everyone seems to be satisfied. “Could nonetheless go below 1.50. Still,” wrote one other consumer. Charting Guy’s response was curt: “no.” That stance matches the technical structure: in his rely, the $1.61 space has already printed the Wave-4 low, and the construction doesn’t embody one other journey beneath that assist.
Others pushed for greater numbers. “Was hoping for $20+,” one follower admitted. “might occur,” the analyst replied—earlier than clarifying to a different consumer that “$20 is not on track but still entirely possible.” His printed chart, nonetheless, attracts no path past the $8.29 extension, underlining that mid-single-digit territory stays his main target for this cycle.
At press time, XRP traded at $2.20.