XRP ’Nike’ Curve and Elliott Wave Signal Long-term Bullish Targets to $11, $23 and $100
Analyst EGRAG Crypto identifies a long-term curved “Nike” formation on XRP’s price chart that began after the $3.31 peak in January 2018 and transitioned from two years of lower lows into a sequence of higher lows from March 2020. Within this macro curved structure, XRP has followed a five-wave Elliott Wave sequence since June 2022: Wave 1 ran from $0.28 to $3.4 (peak Jan 2025), and XRP is currently in a corrective Wave 2. The analyst highlights a potential Wave 2 capitulation zone near $0.85 that aligns with structural support. Projected upside targets are $11–$13 (initial), $23–$27 (high-probability Wave 3 peak), and a tail-risk Wave 5 blow-off target around $100. The piece frames the pattern as a macro reset rather than a dead market and stresses that Wave 3 historically delivers the strongest gains. Disclaimer: informational only, not financial advice.
Bullish
The article presents a technical case for a bullish long-term outlook: a multi-year curved ‘Nike’ formation plus a five-wave Elliott Wave count that positions XRP in a corrective Wave 2 with Wave 3 and Wave 5 as powerful upside legs. The identified capitulation zone near $0.85 gives traders a clear downside reference for invalidation or accumulation. Upside targets ($11–$13, $23–$27, $100) are speculative but consistent with an impulsive wave interpretation; historically, third waves produce strong, fast moves, which would encourage momentum-driven entries and leverage trades. Short-term implications: increased volatility and risk as the market completes Wave 2 — traders may see opportunities for swing entries near structural support or prefer to wait for Wave 2 confirmation before entering. Long-term implications: if macro liquidity and market structure align, the scenario supports substantial multi-bagger returns, attracting longer-term position traders and institutional interest. Caveats: the analysis is purely technical and relies on wave counts that can be re-labeled; macro factors (regulatory news, broader crypto market cycles, XRP-specific legal or adoption developments) can invalidate the pattern or delay targets. Similar past cases: other altcoins have shown large gains when completing corrective structures into impulsive third waves (e.g., certain cycles in 2017–2018 and 2020–2021), but many projected blow-off targets failed to materialize without supportive macro liquidity. Traders should combine this technical view with risk management, position sizing, and awareness of fundamentals.