- XRP completed an ABC correction and now shows signs of entering Wave 5, signaling a potential rally from oversold levels.
- Technical indicators, Fibonacci targets, and trend lines suggest XRP may surge over 200 percent between June and September 2025.
- Standard Chartered sets a $5.50 year-end target for XRP, citing bullish structure and growing institutional interest in Ripple tech.
XRP may be gearing up for a strong rally following a deep correction phase. The price action suggests that XRP completed a Elliott Wave (3) in late 2023, peaking near $3.39. Since then, the asset entered a corrective pattern that formed a distinct ABC wave. Point (A) settled around $2.10 in January, point (B) hit $2.90 in February, and point (C) dropped to $1.81 by early April 2025. Currently, XRP trades near $1.8194, with the RSI showing clear oversold conditions.
Besides, multiple green support markers sit beneath the current level. This confirms strong buyer interest around the recent bottom. Moreover, Elliott Wave analysis places XRP at wave (4), signaling a potential final wave (5) rally. Hence, a bullish reversal may already be underway. The RSI remains below the 30 level, indicating ideal oversold conditions for an upward move.
Technical Indicators Align for Breakout
Additionally, Fibonacci extension levels show bullish targets at 161.80% ($1.8815) and 261.80% ($5.8563). These projections align with wave (5) patterns. White trend lines on the indicate a bullish breakout path between June and September 2025. If confirmed, XRP may rally above $5.00, presenting a potential 200% gain from current levels.
Besides technical setups, market sentiment supports the outlook. According to Dark Defender, XRP is poised for a major breakout. The asset’s long-term structure remains bullish, following textbook Elliott Wave formations. Consequently, traders and investors may see increasing momentum as XRP approaches the $2.00 resistance level.
Institutional Support Strengthens Bullish Case
Moreover, institutional analysts are taking notice. Standard Chartered recently initiated coverage on XRP, setting a price target of $5.50 by year-end. In their report, lead researcher Geoff Kendrick noted XRP’s unique position in cross-border and multi-currency payments. Furthermore, Kendrick projects a potential high of $12.50 during a possible Trump administration.
Ripple’s blockchain tech continues to find demand despite previous regulatory pressure. However, with a friendlier environment expected ahead, the stage appears set. XRP now stands ready for a sharp rebound.
