Crypto analyst HovWaves is sticking to a bold long-term call for XRP — a $15–$20 target — and says the token could be on the verge of a massive move, depending on where it sits in the Elliott Wave cycle.
Consistent target despite changing labels
In a recent post on X, HovWaves reiterated his macro view: he’s still targeting $15–$20 for XRP. He stresses that the exact Elliott Wave label applied to the current price action can change (a smaller-degree pullback versus a deeper correction), but the larger double-digit objective remains intact in his roadmap.
Why the wave count matters
The distinction is important because Wave 2 and Wave 4 corrective phases can look similar in real time but imply very different upside potential once the correction finishes. If the current structure is a Wave 4, the path to the $15–$20 range is consistent with a classic five-wave impulse completing with an aggressive Wave 5. If instead this is a Wave 2 correction, HovWaves says the eventual target could be substantially higher — making $15–$20 potentially just an intermediate waypoint.
A long-term chart points to one final impulse
HovWaves’ bi-weekly Elliott Wave chart traces XRP’s structure back to 2013. According to his count, XRP completed a five-wave impulse into the 2018 peak (~$3.40) and then underwent a large ABC corrective phase that bottomed in 2020. From that 2020 low a new five-wave advance has been forming: Waves 1 and 2 are complete, Wave 3 peaked at the July 2025 high (~$3.65), and XRP is now working through a Wave 4 consolidation. The chart projects a final Wave 5 launch that could carry XRP toward the $15–$20 neighborhood.
Near-term context
At the time of writing XRP trades around $1.43, with traders watching for a move above $1.50. The token’s price action this year hasn’t shown runaway momentum toward double digits, but bullish analysts like HovWaves remain confident based on their technical and macro wave frameworks.
Bottom line
HovWaves’ thesis is straightforward: a completed Wave 4 and an ensuing Wave 5 could drive a dramatic multi-bagger run to $15–$20, while a deeper Wave 2 scenario would imply an even loftier endpoint. Either way, the decisive clue will be how the current corrective phase resolves.
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