Crypto analyst HovWaves says XRP could be primed for a major breakout — but how massive the move will be depends on where the token sits in its Elliott Wave cycle.
In a post on X, HovWaves reiterated his unchanged macro forecast: he’s targeting XRP in the $15–$20 range. That long-term objective remains intact even if the current price action ends up being a different corrective leg than he initially labeled.
Why the $15–$20 call still stands
- HovWaves’ view is built on an Elliott Wave count that stretches back to 2013. That chart shows a five-wave impulse into the 2018 peak near $3.40, followed by a sprawling ABC corrective phase that bottomed in 2020 and set the stage for a new impulse.
- Since 2020, the analyst sees another five-wave advance unfolding. Waves 1 and 2 are complete, and Wave 3 culminated at the July 2025 all-time high of $3.65. XRP is now described as working through a Wave 4 consolidation, which would precede a final Wave 5 push toward the $15–$20 target.
Wave 2 vs Wave 4: why it matters
- HovWaves warns that the present structure could be a shallower, smaller-degree pullback (a Wave 4) or a deeper corrective Wave 2. In real time those corrections can look similar, but they imply different post-correction upside.
- Crucially, if the market is actually in Wave 2 rather than Wave 4, the ultimate target could be materially higher than $20 — meaning the $15–$20 zone might be a mid-stage waypoint rather than the endgame.
Where XRP stands now
- At the time of the post, XRP traded around $1.43, with traders eyeing a break above $1.50 as a near-term trigger.
Bottom line
HovWaves remains bullish on XRP’s multi-year trajectory, anchored to a long-term Elliott Wave count that envisions a dramatic fifth-wave impulse. But the magnitude of the next rally hinges on whether the current corrective phase proves to be a Wave 4 consolidation or a deeper Wave 2 reset — the difference between a big move and an even bigger one. As with all technical models, these projections are probabilistic, not guaranteed.
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