I recently looked at the XRP chart and noticed something quite interesting. The current price is around $1.38, a significant drop from the peak of $3.6 in July last year, but by tracking its Elliott Wave pattern from 2022 onward, it seems like we are in a major correction rather than the final top.

In fact, from the bottom of $0.28 in 2022, XRP has had a pretty impressive recovery. It reached $0.94 in July 2023 (after the SEC ruling), then climbed further to $3.4 earlier this year. If we apply Elliott Wave theory, we might be in Wave 4 or even Wave 2 of a larger structure. The tricky part is not knowing exactly where we are in this cycle.

But the optimistic point is that whether it's Wave 4 or Wave 2, the macro targets still point toward around $15-$20. If it's Wave 4, the final Wave 5 will push it to that level. If it's Wave 2 within a larger structure, then the probability is even higher — possibly up to $29. Fibonacci extensions show $12.2 as an intermediate point, $17.69 close to expectations, and $29.37 as the long-term target if Wave 3 is strong. Anyway, XRP is not just stopping at $20 .