XRP Analyst Sees 476% Upside as Bullish Setup Nears

XRP's price has been recovering steadily since its August low near $1.00, and it currently trades around $1.40.

An analyst, known as EGRAG Crypto, believes that XRP is approaching a bullish setup that could lead to significant gains in the coming months.

EGRAG used Elliott Wave and Fibonacci measurements to identify a potential fifth macro wave for XRP, which would place its first major target zone at $6.19-$8.07.

This forecast represents extraordinary upside, with XRP needing to gain approximately 342% to reach $6.19 and about 476% to reach $8.07 from its current price.

The analyst's framework also suggests stronger extensions around $11.45, above $13, and potentially $17 if momentum accelerates.