XRP traders are once again arguing about upside targets after popular chartist Charting Guy reposted a bullish long-term setup and doubled down on his call that XRP can still reach $8 this cycle. \u201cXRP still going to $8, idc,\u201d he wrote on X in the early hours of Nov. 25, alongside a weekly XRP\/USD chart from Bitstamp.<\/p>\n
At the time of the screenshot, XRP was trading around $2.25, up roughly 9.8% on the week, with the chart plotting an Elliott Wave structure from early 2023 into a projected peak in 2026. The analysis is built on a dense Fibonacci framework spanning from about $0.25 to a 1.272 extension at $8.29661, which anchors his upside target.<\/p>\n
The green wave count shows a classic five-wave impulse. Wave 1 launches from the post-bear-market base into the 0.618 Fibonacci level near $0.915, where the first leg tops out. Wave 2 then retraces for 51 weekly bars (357 days), bottoming just above the 0.382 retracement at $0.41315.<\/p>\n
Wave 3 is drawn as a steep rally off that base, blasting through all mid-range Fibonacci bands and extending beyond the 1.0 level at $3.31700. In the replies, one user suggested the spike to around $3.65 had already completed the fifth wave; Charting Guy rejected that outright: \u201cit wasn\u2019t\u2026 was very clearly a B wave.\u201d<\/p>\n
From that high, the chart records a year-long consolidation labelled as Wave 4, annotated as 50 weekly bars (350 days). Price fluctuates between roughly the mid-$2 area and above $3. The Wave-4 low holds above the 0.786 Fibonacci support at $1.61246, never revisiting the $1 region.<\/p>\n
From this consolidation, the projected Wave 5 shoots higher from around the $2\u2013$2.30 zone\u2014where XRP is currently trading\u2014toward the 1.272 extension at $8.29661. The \u201c5\u201d marker sits at this level, and the projection shows only a modest pullback after touching the band, implying that this area is treated as the probable cycle cap.<\/p>\n
The Fibonacci grid also frames the current battle zone. XRP\u2019s price is oscillating around the 0.888 level at $2.27404, which lines up almost exactly with the latest weekly close, while the prior wave-3 region around $3.317 remains the next major resistance band<\/a> on the chart.<\/p>\n Not everyone is convinced. \u201cCould still go under 1.50. Still,\u201d wrote another user. Charting Guy\u2019s response was curt: \u201cno.\u201d That stance matches the technical layout: in his count, the $1.61 area has already printed the Wave-4 low, and the structure does not include another trip below that support.<\/p>\n Others pushed for higher numbers. \u201cWas hoping for $20+,\u201d one follower admitted. \u201ccould happen,\u201d the analyst replied\u2014before clarifying to another user that \u201c$20 is not on track but still entirely possible<\/a>.\u201d His published chart, however, draws no path beyond the $8.29 extension, underlining that mid-single-digit territory remains his primary target for this cycle<\/a>.<\/p>\n At press time, XRP traded at $2.20.<\/p>","protected":false},"excerpt":{"rendered":" XRP traders are once again arguing about upside targets after popular chartist Charting Guy reposted a bullish long-term setup and doubled down on his call that XRP can still reach $8 this cycle. \u201cXRP still going to $8, idc,\u201d he wrote on X in the early hours of Nov. 25, alongside a weekly XRP\/USD chart […]<\/p>\n","protected":false},"author":0,"featured_media":115641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-115640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/115640"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115640"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/115640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/115641"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}