📊 Analysts Predict XRP Price Surge of 1,500% to $15 If This Is Wave 2

The Elliott wave chart of a crypto analyst shows that XRP may be on the verge of one of the most explosive moves, but the real fireworks depend on exactly where we are in the cycle.
🔸 Target $15-$20 Unchanged
XRP's price action since the beginning of the year has rarely resembled an asset preparing for a breakout into double digits. However, the lack of strong bullish momentum has not discouraged many optimistic supporters from maintaining highly positive forecasts based on technical and fundamental analysis.
HovWaves' basis for the prediction is that the Elliott wave labels on the XRP price chart may change, but the larger double-digit price target remains within reach. He considers the current XRP structure as a choice between a smaller correction and a deeper correction phase, stating that the price action could be wave 4 at the immediate level or a deeper wave 2.
This is important because wave 2 and wave 4 corrections can look similar in real-time, but they often have different implications for upside potential after the correction ends. HovWaves also adds an important condition: if the market is indeed forming wave 2, then the ultimate target is likely to be much higher.
🔸 Two-Week Elliott Wave Count Indicates Final Momentum
The chart features an Elliott wave count extending from 2013. In it, HovWaves shows a completed five-wave impulse structure from XRP's early days to the peak in 2018 at $3.4, followed by a prolonged correction phase.
The current wave structure is a five-wave rally from that 2020 bottom. Waves 1 and 2 appear to be complete, and Wave 3 ends at the all-time high in July 2025 at $3.65. According to the chart, XRP is now in the process of correcting wave 4 with a downtrend and choppy intermediate phases before entering the final explosive fifth wave to reach a peak between $15 and $20.