The cryptocurrency market is abuzz with renewed optimism around XRP, as a prominent analyst predicts the digital asset is on the verge of a historic breakout. After more than a decade of consolidation, regulatory battles, and sideways price action, XRP may finally be entering the final phase of its 11-year SuperCycle—with a potential surge to $3.40 now on the horizon.
This bold forecast comes from Skyrexio, a well-regarded crypto analyst on TradingView, whose technical analysis suggests that XRP has broken out of a long-term corrective pattern, signaling the start of a powerful bullish move. Let’s dive into the details behind this compelling price prediction and what it could mean for investors.
The End of an 11-Year SuperCycle
Skyrexio’s analysis centers on the Elliott Wave Theory, a time-tested technical framework used to identify recurring price patterns in financial markets. According to this model, XRP’s first major wave began in 2013, marking the start of its first global SuperCycle. Over the years, the asset has progressed through several distinct phases:
- Wave 1: Initial rise from 2013
- Wave 2: Price correction
- Wave 3: Legendary bull run (one of the strongest phases)
- Wave 4: Prolonged consolidation—lasting nearly four years
- Wave 5: The current and final phase of the SuperCycle
For years, XRP remained trapped in a tight trading range, largely due to the protracted legal battle with the U.S. Securities and Exchange Commission (SEC). That uncertainty kept investor sentiment cautious and price momentum flat. However, recent developments—both legal and market-driven—appear to have shifted the tide.
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Breaking Out of the Triangle: A Bullish Signal
One of the most critical technical observations in Skyrexio’s analysis is XRP’s breakout from a corrective triangle pattern—a hallmark of Wave 4 in Elliott Wave theory. This pattern, visible on long-term charts, represents a period of indecision and consolidation before the final leg of a trend.
After trading sideways for over three years—mostly between $0.40 and $0.60—XRP recently broke above key resistance levels. This breakout is not just a minor price fluctuation; it's interpreted as a structural shift indicating that Wave 5 has officially begun.
In historical context, Wave 5 often exceeds the peak of Wave 3, especially in strong market cycles. Skyrexio notes that in 90% of observed cases, Wave 5 reaches a higher high than Wave 3. Given that Wave 3 previously pushed XRP toward $3.00 during the 2017 bull run, a move beyond that level in this cycle is not only possible—it’s statistically probable.
Projected Price Targets: $2.50 to $3.80
Based on the Elliott Wave progression, Skyrexio outlines two primary bullish targets for XRP:
- Base target: $2.50
- Optimistic target: $3.80
The analyst emphasizes that $3.80 is more likely, given historical precedents and the strength of the current breakout. Even a conservative estimate puts XRP on track for a 125%+ increase from its current price level.
Several confirming signals support this outlook:
- A bullish reversal bar visible on the monthly chart
- A green dot indicator at the end of “Subway C,” suggesting momentum shift
- Increased trading volume accompanying the breakout
These signals, especially when viewed on a monthly timeframe, carry significant weight in technical analysis and are often reliable precursors to major price movements.
Recent Momentum: XRP Doubles in Weeks
The momentum behind XRP isn’t just theoretical—it’s already unfolding in real time. In a stunning rally, XRP surged by over 101% in just one week, breaking past the long-resisted $1.00 mark for the first time in years.
As of the latest data from CoinMarketCap, XRP is trading at $1.16, up another 10.1% in recent sessions. This surge coincided with broader market optimism following Donald Trump’s victory in the 2024 U.S. presidential election, which many investors interpreted as a potential shift toward more crypto-friendly policies.
But while political sentiment may have acted as a catalyst, the underlying technical structure suggests that XRP was primed for a breakout regardless. The resolution of legal uncertainty, combined with macroeconomic tailwinds and growing institutional interest, has created fertile ground for sustained upward movement.
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Why This Time Could Be Different
Past rallies in XRP were often short-lived, derailed by regulatory headlines or lack of fundamental progress. However, several key differences today suggest this cycle may have more staying power:
- Legal clarity improving: While not fully resolved, recent court rulings have favored Ripple in its case against the SEC, reducing overhang risk.
- Institutional adoption growing: Ripple continues expanding its payment network with banks and financial institutions worldwide.
- Macro environment supportive: With potential rate cuts and increased liquidity expected in 2025, risk assets like cryptocurrencies stand to benefit.
These factors, combined with the technical completion of Wave 4, create a rare confluence of conditions that could propel XRP to new all-time highs.
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Frequently Asked Questions (FAQ)
What is a SuperCycle in crypto?
A SuperCycle refers to a long-term market cycle lasting several years, typically encompassing multiple bull and bear phases. In XRP’s case, its current SuperCycle began in 2013 and is now entering its final stage—Wave 5—after more than a decade.
Is XRP’s price surge sustainable?
While short-term volatility is expected, the combination of technical breakout patterns, improving legal conditions, and macroeconomic support suggests that XRP’s rally has strong foundational drivers beyond mere speculation.
What does Elliott Wave Theory suggest about XRP?
Elliott Wave Theory indicates that XRP has completed its corrective phase (Wave 4) and is now in Wave 5—the final and often strongest leg of a bull cycle. Historically, Wave 5 exceeds the high of Wave 3, supporting a move toward $3.40 or higher.
Could XRP reach $3.40 in 2025?
Based on current momentum and technical projections, reaching $3.40 by late 2025 is within range, especially if broader crypto markets remain bullish and regulatory clarity continues to improve.
How did the SEC lawsuit affect XRP’s price?
The lawsuit caused prolonged uncertainty, leading to a sharp price decline and years of sideways trading. However, recent favorable rulings have reduced legal risk, helping restore investor confidence.
What should investors watch next?
Key indicators include continued price action above $1.00, volume trends, regulatory updates, and overall crypto market sentiment. A monthly close above $1.20 could signal further upside momentum.
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Final Thoughts
After more than 11 years of development, legal challenges, and market consolidation, XRP appears poised for its most significant move yet. With technical indicators flashing green, investor sentiment shifting positively, and structural breakout patterns confirmed, the path toward $3.40—or even $3.80—looks increasingly plausible.
While no prediction is guaranteed in the volatile world of crypto, the alignment of Elliott Wave patterns, historical precedent, and current market dynamics presents a compelling case for optimism. For traders and long-term holders alike, this moment may represent one of the most important inflection points in XRP’s history.
As always, due diligence and risk management remain essential—but for those watching closely, the next chapter for XRP could be just beginning.