XRP Analyst Sees New Impulsive Move to $20 or Higher

XRP has retreated by around 6.5% after its recent surge, but analysts believe this could be a sign of a new impulsive move.

Crypto analyst Floppy pointed out that XRP's macro structure remains intact and that the token may have completed its C leg correction, suggesting that the rally could represent the beginning of a new Wave 3.

Floppy's chart shows that XRP broke sharply higher in late 2024 from around $0.50 to $3, forming the first major impulsive wave, and he believes that this recent low may be an important macro bottom.

The analyst predicts that if his interpretation is correct, XRP could see a significant price increase, potentially reaching the $8-$9 region initially, followed by a correction towards $5-$6 before extending towards the $20 area.