The adjustment cycle has been completed – XRP is preparing for a major bullish run.

In a notable recent technical analysis, top South Korean Elliott Wave expert – XForceGlobal – has forecasted that the price of XRP could fluctuate between 10 and 40 dollars in the coming months. If this scenario occurs, this digital currency will witness an astronomical increase of up to 1,726% compared to the current price, opening up attractive profit opportunities for investors.

The adjustment cycle is complete – XRP is preparing for a major price increase

According to XForceGlobal's analysis, XRP has completed a complex corrective cycle in the form of a "WXY correction pattern" – a structure that often marks the end of a downtrend. Specifically, Wave W is identified as the initial reaction following a strong profit-taking phase when XRP increased sixfold in value. Next is Wave X – a mild corrective recovery phase, before Wave Y methodically and orderly brings the price to a new bottom.

From the peak of $3.33 in January 2025, XRP has dropped nearly 50% to a low of $1.63. However, the market has recorded a significant recovery of 34%, with the price currently trading around $2.18 – a sign that selling pressure may have subsided and an accumulation phase has begun.

Ambitious price target: From 10 to 40 dollars

Based on the Elliott Wave Theory, XForceGlobal believes that XRP is entering wave 2 of the larger fifth wave – a technical sign that a strong wave 3 is about to form. This is considered one of the strongest bullish phases according to the Elliott wave structure.

Accordingly, the analyst set a minimum target of 10 dollars – equivalent to an increase of about 350% from the current level. Meanwhile, a more optimistic scenario could drive XRP up to 40 dollars – an extraordinary growth of 1,726%, a figure that the market cannot ignore.

The Korean market plays a pioneering role in price trends

XForceGlobal also emphasizes the leading role of the Korean market in major fluctuations of XRP. Domestic exchanges often act as a "leading indicator," signaling early about important peaks and troughs.

One noteworthy point is the almost perfect similarity between the XRP/KRW and XRP/USD charts. According to XForceGlobal, the harmony in wave structure between these two charts further reinforces the assertion that XRP has completed wave 2 correction and is approaching a historical breakout.

"Smart money" is accumulating

Although the market has witnessed an increase of nearly 40% from the bottom, XForceGlobal believes that the recent corrective fluctuations are just a normal shake-up in the process of forming a new wave. He believes that "smart money" – referring to institutional or experienced investors – is quietly accumulating XRP amidst the backdrop of renewed interest from retail investors.

In addition, the analyst also compared the strength of the XRP community with the waning enthusiasm of other communities such as Ethereum or Solana. The upcoming phase of the cycle, it is predicted, could witness price action in a parabolic form – a familiar characteristic of price surges followed by a strong FOMO effect in the market.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should thoroughly research before making any decisions. We are not responsible for your investment decisions.

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Emma