XRP Technical Analysis Predicts Price Surge to $20 Region
XRP's price history has been analyzed by Amonyx using Elliott Wave labels to connect corrective phases and advances. The current setup sits within a long-term structure, with XRP trading at $1.42 after a significant correction from its all-time high of $3.65 in July 2025.
The chart shows that the decline formed a falling wedge marked with an ABC correction. Wave (A) began in early 2025, followed by wave (B), which pushed the asset to its peak. Wave (C) then formed the extended downturn that pushed XRP toward $1. This area is an important reference point, and XRP has since moved away from the lower boundary.
The analyst labels the current advance as wave (1) in the projected sequence. The chart shows that a correction through wave (2) will pull back towards approximately $2.70 before wave (3) accelerates toward roughly $8.50. This is followed by another correction through wave (4), with XRP returning to around $5.50.
From there, the final advance in wave (5) rises sharply toward the $20 region and slightly above it. Amonyx's projection does not place $20 as a destination for the first major advance but rather as the endpoint of a larger five-wave sequence following the classic Elliott Wave concept of an impulsive advance.