XRP Price Target Set at $15 by May 2025 According to Analyst

Egrag Crypto, a crypto analyst on X, predicts XRP could reach $15 by May 5, 2025, based on technical analysis using Fibonacci levels and Elliott Wave theory. Despite a recent decline in price, the long-term outlook remains bullish.

Fibonacci And Elliott Wave Analysis For XRP

The Fibonacci 1.618 level indicates that May 5, 2025, may be significant for XRP's price trajectory. Egrag Crypto's analysis employs auto-Fib time zones and trend-based Fibonacci on the weekly XRP price chart. Many in the crypto community anticipate a price surge in early 2025, though it is uncertain if this will occur before or after the predicted date.

The $15 price target derives from calculations using Elliott Wave theory, identifying XRP is currently in Wave 4, which is a corrective phase. Following this, Wave 5, known for pushing prices to new highs, is expected. The performance of prior impulse waves (Waves 1 and 3) showed increases of 63.39% and 570%, respectively.

Using these figures, Egrag Crypto applies an Elliott Wave principle suggesting Wave 5 typically equals 61.8% of the combined gains of Waves 1 and 3. This results in an estimated price increase of around 391% for XRP, aligning with the $15 target.

Is A Long-Term Bullish Trajectory Still Valid For XRP?

Despite a seven-day decline mirroring broader market trends, this analysis suggests a potential long-term bullish trajectory for XRP, which peaked at $2.82 on December 3. Currently, XRP is struggling to reclaim the $2.20 level amid selling pressure but retains bullish fundamentals, indicating a possible price surge soon.

XRP is currently trading at $2.18.

Featured image from Outlook Business, chart from TradingView