• XRP is entering the third wave of a five-wave bullish cycle, with analysts projecting a 700% gain from the $2.5 level.
• Experts believe that breaking the critical $3 resistance could open the door for a new all-time high, driven by growing market optimism surrounding the RLUSD launch and Ripple’s expanding ecosystem.
🔶Is XRP Price Heading to $20?
According to the Elliott Wave Principle, the third wave in a bullish cycle is typically the most significant and extended phase of the trend. Credible’s analysis, reported by CNF, suggests that XRP could surge to $20 before the completion of the five-wave sequence.XRP’s current setup looks “exceptionally clean and bullish,” highlighting a strong upward outlook despite short-term market fluctuations.
As of yet, XRP price is trading at $2.50, and if it were to reach the $20 price, the altcoin would see an upside of 700%. More notably, CrediBull indicates that a retest of the lower key support level below $2 is still within possibility before XRP resumes its ascent. Based on his models, the XRP price should cross the $3 price barrier in the short term. He then expects it to experience a corrective move, after which it will set new ATHs.
🔶Market Gains With RLUSD Launch
XRP price’s upward rally gained the upper hand from the recent bullish move of the entire crypto market. Mid-November has seen XRP breach its $1 mark and have retaken its $2 levels. Since then, during last month, XRP jumped as high as 135%. The price at current times has been consolidating around the $2.44 mark that is closing into the psychological $3 resistance level.
The launch of Ripple’s stablecoin, Ripple USD(RLUSD), has further boosted XRP’s outlook. Officially launched on December 17, RLUSD operates under the regulatory framework of the New York Department of Financial Services .
Historical Context & Price Analysis
XRP last hit an all-time high of $3.317 in January 2018. Since then, the token has been unable to regain such levels. However, its recent rally suggests a possible reversal of this trend. On December 10, XRP fell as low as $1.98 before recovering to $2.50 on market anticipation of RLUSD.
Analysts believe if the Ripple altcoin breaks and closes above $3, all roads may lead to an all-time high. However, given the buzz already generated with the launch of the RLUSD, the upward trajectory for the token suggests that further upside is expected.
chart details XRP’s road to $20 as part of its broader five-wave rally. The analyst expects XRP to first reach the $3 mark, correct, and then resume its upward trajectory. While short-term price swings are likely, the long-term structure of XRP price is described as overwhelmingly bullish, reportedCNF. Hence, the market could witness a fresh all-time high in 2025.
