Analyst Predicts Fifth Elliott Wave to Push XRP to $28 and Bitcoin to $150,000

A well-known market analyst presents ambitious price predictions for XRP and Bitcoin once an elongated Elliott Wave pattern completes.

These predictions came from market commentator CrediBULL, who has maintained his bullish outlook for both crypto assets despite the ongoing bearish price action. Notably, Bitcoin is down 13.2% since February, while XRP has collapsed by about 13.22% within the same timeframe.

Bitcoin Follows Elliott Wave Pattern

Looking at a broader perspective, CrediBULL’s chart confirms that these declines have been very minor compared to larger price swings. He shared separate XRP and BTC charts, which show that both assets are following a similar price trajectory amid an extensive Elliott Wave structure.

Interestingly, Bitcoin began this pattern in March 2023. For context, Wave 1 triggered a rally to $31K in April 2023, while Wave 2 produced a pullback that led to a low of $25.5K. Riding on the third Wave 3, BTC rose to $73.8K in March 2024, and then Wave 4 triggered a correction to $52.5K in September 2024.

Now, Bitcoin has staged a recovery as Wave 5 began in September 2024, with the latest Donald Trump-led Q4 2024 upsurge being part of the Wave 5 rally. However, CrediBULL’s chart suggests the Wave 5 rally is still not over. He believes the correction would persist for some time, and then a rebound would push BTC to $150K, completing Wave 5.

XRP Follows Similar Elliott Wave Pattern

Meanwhile, for XRP, the Elliott Wave structure began much later, specifically in Q4 2024. Data from CrediBULL’s chart indicates that Wave 1 began in November 2024, pushing XRP to the $2.8 high by December 2024. However, Wave 2 started shortly after, and is now influencing the ongoing correction.

XRP and Bitcoin Daily Charts | CrediBULL

CrediBULL suggests the correction might linger for some time before XRP eventually begins the third impulsive Wave, expected to trigger a massive upsurge. The analyst expects this Wave 3 to take XRP to $16, representing a 545% increase from current levels and marking a new all-time high for the asset.

However, he believes the corrective Wave 4 could lead to a drop toward $12 over the next few months. After Wave 4 completes, CrediBULL expects XRP to begin the fifth wave shortly, predicting that the completion of this Wave 5 will lead XRP to a price of $28. This would mark a 1,029% rise from the current price.

XRP Chart “Looking Great” for Next Rally

Notably, XRP currently changes hands at $2.48, down 0.6% over the past 24 hours but up 25% in the last week. Meanwhile, BTC trades for $88,171, with a 4% decline in the last 24 hours and an 11% rise over the past week. CrediBULL suggests both assets are moving in the same direction, as they align with the Elliott Wave structure.

Interestingly, another analyst, Mikkybull, recently argued that XRP’s chart is “looking great” for a subsequent bullish push whether investors hate or love it. He shared that despite the recent drop, XRP has formed an ascending channel against the dollar and a symmetrical triangle against BTC on the 3-day timeframe.

$XRP

Hate it or love it, this chart is looking great for the next good rally. pic.twitter.com/jThtEPkKGY

— Mikybull Crypto (@MikybullCrypto) March 6, 2025

Notably, both patterns typically lead to bullish upward moves if the asset breaks above the upper trendline. Currently, XRP is retesting the lower trendline on both structures, and a rebound from the bulls could trigger a rally above the upper one.

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