Price Analysts are Finally Bullish about XRP hitting $5; with a long-term target  of $18

Finally, a real Elliot Wave structure in the crypto currency market? XRP’s current market pullback is a classic example of it.  

Some analysts feel that XRP can project a long-term target of more than $18 with a bullish comeback footing. 

As last recorded during publication, XRP’s price drop was 3.2% on 5th Feb 2025, marking a price drop of $2.55. That also means that the statutory growing trend of XRP is under question now. 

The price must increase by $2 Now 

The cryptocurrency market is favorable after President Donald Trump won the last election. But he has also waged an eccentric trade war with neighboring countries like Canada and Mexico and with far-off China.  

But the tariff threat has been retracted to some extent now. So, traders might remain optimistic about XRP’s price reaching double figures soon.  

What caused the sharp pullback of XRP? 

Most traders are pointing out the recent rejection of XRP. The altcoin feast rejection from its prime resistance at approximately $3.3. That may have caused the sharp pullback. As a result, XRP was trading at a price as low as $1.76, just 2 days ago.  

A strong rebound  

The price, after an initial dip, showed a strong rebound. But traders cannot be fully optimistic yet. Currently, it seems that a lot of bearish freshers are still on XRP.  

So, we can’t completely let go of the fear of a price breakdown from $2.50. But if that happens the price drop could well move towards $2.00 or worse towards the $1.60 demand zone. 

What does XRP need to do?  

There is no other alternative than reclaiming the $2.70 price. The upside momentum that it would create, might help the altcoin to stay on track in the hope of a bullish $5.  

The hope of a price hit of $18 

Traders are ready to ignore the recent hit. They still believe that in the long run, XRP can potentially meet the target of $18. The Eliot wave theory is being referred to in this case. To know more about this theory and how it can improve XRP, stay tuned on our website.