NewsBTC
Oct 17, 2025
5 0

XRP Rebounds 50%, Analyst Predicts Potential Surge to $8

XRP experienced a significant crash but has since rebounded over 50%. Technical analysis by HovWaves suggests this could be the start of a larger rally.

  • XRP's price action shows it hit a support level in an Elliott wave cycle, leading to a strong rebound.
  • The analyst predicts XRP's price could initially reach $5.5, with a potential further increase to $8.
  • This movement is compared to previous breakout patterns from 2017 and early 2021.
  • A brief pullback may occur around $4 before continuing upward.

At present, XRP is trading at $2.40, showing a recent 50% recovery, though it's slightly down by 4.4% in the last 24 hours.

XRP