{"id":5646,"date":"2025-07-05T04:11:10","date_gmt":"2025-07-05T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-could-hit-9-in-euphoric-fifth-wave-elliott-wave-analyst-predicts\/"},"modified":"2025-07-05T04:11:10","modified_gmt":"2025-07-05T04:11:10","slug":"xrp-could-hit-9-in-euphoric-fifth-wave-elliott-wave-analyst-predicts","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-could-hit-9-in-euphoric-fifth-wave-elliott-wave-analyst-predicts\/","title":{"rendered":"XRP Could Hit $9 In Euphoric Fifth Wave, Elliott Wave Analyst Predicts"},"content":{"rendered":"

XRP is inching toward what could be its most consequential technical inflection in more than a year, according to the June 3 video analysis<\/a> from the YouTube channel More Crypto Online (MCO). Employing classical Elliott-wave mapping, the analyst argues that XRP has been building a five-wave advance ever since the market reset in July 2023 and is now attempting to ignite the terminal \u201cfifth\u201d wave\u2014a rally that, if it unfolds under euphoric conditions, could extend as far as $9.<\/p>\n

How The Roadmap Is Built For XRP<\/h2>\n

\u201cWe might be in a process of upside reversal\u2026 It\u2019s like a now-or-never moment,\u201d the commentator told viewers, stressing that breakouts are usually obvious only after large portions of the move are already spent. In Elliott wave terminology the market is said to be preparing for a smaller-degree third wave inside the larger fifth, \u201cnormally the most aggressive one,\u201d he noted, pointing to the explosive impulse that followed a similar set-up last year.<\/p>\n

On MCO\u2019s primary chart the July 2023 trough serves as the wave-four low of an even larger advance. From there, a series of lower-degree one-two formations appears to have carried XRP into wave three and, more recently, into a sideways, three-legged correction that completed in April. \u201cWe have a wave 1, a wave 2, a wave 3, the wave 4, and maybe this is now the fifth wave that\u2019s unfolding,\u201d he explained, adding that wave four\u2019s depth and duration were textbook for a counter-trend pause.<\/p>\n

\"XRP<\/p>\n

To translate wave counts into price objectives the analyst measured waves 1 through 3 and projected the classic 61.8 percent Fibonacci extension from the bottom of wave 4. That calculation yields $6.20 as a \u201cstraightforward\u201d fifth-wave target. The same measurement\u2019s 78.6 percent extension sits at roughly $9.00, a level the commentator said \u201csometimes materialises in a very euphoric fifth wave.\u201d<\/p>\n

Before any discussion of $5-plus prices becomes actionable, XRP must clear a cluster of near-term hurdles. The analyst identifies the $2.30\u2013$2.40 range as the first structural ceiling; it coincides with a descending trend-line that has capped every rally since March and with the 100-day exponential moving average.<\/p>\n

The shorter-time-frame wave count shows why this band matters. From the 7 April swing low the market printed a clear five-wave micro-structure, implying that a fresh up-trend may already be underway. Yet, as the analyst cautioned, \u201cWe still have to clear all these previous swing highs\u2026 We\u2019ve got resistance in this area around $2.30, structurally $2.40.\u201d A decisive break above that shelf would validate a sub-wave (iii) target around $3.30\u2013$3.50, the January swing-high zone the video calls \u201cthe next level.\u201d<\/p>\n

Bearish Scenario For XRP<\/h2>\n

Every Elliott-wave blueprint comes with an invalidation level. In the MCO model the entire fifth-wave scenario survives only if price holds above the April nadir\u2014the start of wave 1 in the current one-two set-up. At the micro level the bulls must also defend what the video labels \u201cthe $1.99 support area.\u201d A deeper retracement to $1.60 (the \u201cred dotted line\u201d) could be tolerated inside an extended wave 2, but any sustained trade beneath that mark would probably mean wave 4 is still developing, pushing back the timetable for a breakout.<\/p>\n

\u201cAs long as we\u2019re holding above the April low, this pathway higher remains valid and plausible,\u201d the analyst reiterated. Conversely, a failure there would force a re-evaluation of the entire count.<\/p>\n

Although the headline $9 print grabs attention, the analyst is clear that such an extension presupposes an extreme sentiment shift. Historically XRP\u2019s rallies have often stalled near the 61.8 percent projection, and the channel\u2019s host reminds viewers that \u201cmarket sentiment\u201d ultimately decides whether the 78.6 percent extension is reachable.<\/p>\n

For now the focus is squarely on securing an impulsive close above $2.40 and then on challenging the mid-$3 region. Only once that campaign succeeds will the discussion move seriously toward $5.65, $6.20 and, in a parabolic climax, the high-single-digit zone.<\/p>\n

At press time, XRP traded at $2.23.<\/p>\n

\"XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP is inching toward what could be its most consequential technical inflection in more than a year, according to the June 3 video analysis from the YouTube channel More Crypto Online (MCO). Employing classical Elliott-wave mapping, the analyst argues that XRP has been building a five-wave advance ever since the market reset in July 2023…<\/p>\n","protected":false},"author":1,"featured_media":5647,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361],"tags":[150,996,326,327,363,364],"class_list":["post-5646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-xrp","tag-xrp-chart-analysis","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrp-technical-analysis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5646"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5647"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}