Analyst Predicts 1,500% XRP Price Increase To $15 If This Is A Wave 2

Newsbtc2026/03/06 00:21

By:Newsbtc

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A crypto analyst’s Elliott Wave chart suggests XRP could be on the verge of one of its most explosive moves yet, but the real fireworks depend on where exactly we are in the cycle.

In a post on X, crypto analyst HovWaves said his macro primary expectation is still the same, adding that he has been looking for a $15-$20 price target for XRP and that the destination does not change even if the current structure turns out to be a different corrective leg than first assumed.

The $15-$20 Target That Hasn’t Changed

XRP’s price action since the start of the year has hardly resembled that of an asset preparing for an explosive move into double-digit territory. Even so, the lack of strong upward price momentum has not discouraged many bullish proponents from maintaining extremely optimistic projections based on technical and fundamental analyses.

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One such analyst is HovWaves, who has been consistent in his projections. In a recent post on X, the analyst wrote: “Macro primary expectation remains the same for XRP. Been looking for that 15-20 macro target.”

Analyst Predicts 1,500% XRP Price Increase To $15 If This Is A Wave 2 image 1

Source: Chart from HovWaves on X

The basis of HovWaves’ prediction is that the Elliott Wave label on the XRP price chart can change, but the larger price objective of double digits stays on the table. He looked at the current XRP structure as a choice between a smaller-degree pullback and a deeper corrective phase, stating that the price action could either be a 4th on the immediate degree or a deeper Wave 2.

That matters because Wave 2 and Wave 4 corrections can look similar in real time, but they usually imply different upsides once the correction ends. HovWaves also added a key condition: if the market is actually carving a Wave 2, then the final target will likely be much higher. This is interesting because it means that the $15 to $20 bracket could be a waypoint if the bigger impulse thesis plays out.

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Bi-Weekly Elliott Wave Count Points To Final Impulse

The chart features an Elliott Wave count stretching all the way back to 2013. In it, HovWaves shows a completed five-wave impulse structure from XRP’s earliest days through its 2018 peak at $3.4, followed by a lengthy corrective phase. This was a sprawling ABC correction that bottomed out in 2020 before a new impulse began taking shape.

The wave structure currently in focus is a five-wave advance from that 2020 low. Waves 1 and 2 look complete, and Wave 3 culminated in the July 2025 all-time high at $3.65. According to the chart, XRP is now working through a Wave 4 consolidation with a downtrend and intermediate choppy phases before what would be the final fifth wave launch to a peak between $15 and $20.

At the time of writing, XRP is trading at $1.43, and traders are anticipating a break above $1.50.

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Analyst Predicts 1,500% XRP Price Increase To $15 If This Is A Wave 2 image 3

XRP trading at $1.42 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51