A Korean analyst specializing in Elliott Wave theory, XForceGlobal, has shared a bullish outlook for XRP. The analysis suggests that XRP (XRP-USD) has completed key milestones and is building momentum for a significant price increase.
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XForceGlobal Expects a New Upward Move for XRP
The analyst reported that XRP has successfully completed a full retracement after recently revisiting its previous all-time high levels. According to XForceGlobal, this move confirms that a major corrective phase has ended.
The analyst stated that this retracement aligns with Elliott Wave principles, suggesting that XRP has effectively reset its cycle. XForceGlobal wrote on social media: “It’s all coming together for $XRP.” The completion of both the retest and retracement is seen as a rare development that often precedes a new impulsive wave.
XForceGlobal Projects Higher Price Targets for XRP
Based on before-and-after chart analysis, the analyst expects the $1.40 to $1.50 price range to hold with high conviction. XForceGlobal projects that this support zone could act as a base before XRP reaches $5 or higher. Holding this specific range would serve to confirm the current technical structure.
The analyst outlined potential price targets between $6 and $10, or possibly higher, based on projected impulse waves in the current cycle.
These targets are tied to historical XRP price expansions, where prior cycles showed strong percentage gains following extended consolidation. XForceGlobal noted: “The next wave could extend toward the $6–$10 range.”
At the time of writing, XRP is sitting at $1.3596.
