This XRP Chart Signals a 300% Rally – Analyst Says It’s an ‘Insane Opportunity’

A recent post by TheCryptoBasic on X has caught the attention of XRP holders. In the thread, a well-known analyst says XRP might be gearing up for a huge rally

A recent post by TheCryptoBasic on X has highlighted an analyst's prediction of a potential 300% rally for XRP. The analyst, known for his technical analysis, used Elliott Wave Theory to identify the setup.

According to the analyst, XRP already completed a classic five-wave move between November 2024 and January 2025, which saw the token surge 500% to reach a high of $3.399. After that peak, the price started pulling back, but each time it dropped, it bounced back up from the same trendline, forming a strong base of support.

In April, XRP touched a key area around $1.614—a level known as the golden pocket in technical analysis, based on the 0.618 Fibonacci retracement. This level sparked another bounce, showcasing that buyers were still active and protecting this zone.

Now, the analyst believes XRP is setting up for another big move. The first target is $3.40, which was the top reached in January. If XRP manages to break above this level and manages to stay above it, the next move could be swift and powerful. The chart indicates a possible target of $6.50, based on the 1.618 Fibonacci extension.

However, the analyst went further, pointing out that $6.50 is the minimum target for this next wave up. If momentum carries through, XRP could continue surging to hit $9.50—a 313 percent surge from where it trades now. This target aligns with the projection for the third wave in the Elliott Wave sequence, which is often the most powerful phase of a bull market.

The setup has attracted attention not only for its ambitious price targets but also for its structure. XRP’s recent consolidation appears like a bullish triangle forming above strong support, and the trendline from January has been respected multiple times. This kind of technical behavior usually leads to explosive price moves once a breakout occurs.

The timing couldn’t be better. The overall crypto market is starting to recover, and sentiment around XRP is slowly turning positive. If the price manages to break through $3.40 with strong volume, it could signal the start of the next major rally.

For now, XRP appears to be coiling up. And if this analysis proves correct, a big breakout may be just around the corner.