XRP price dipped below $1.00 today, trading at$0.99 at press time. The token has been under pressure for weeks, with the Clarity Act delay and broader market weakness weighing on sentiment.
But More Crypto Online, an analyst who has been covering XRP’s Elliott Wave structure for months, appears to be trying to bring new optimism to the XRP community – a needed one, to be honest. His latest chart maps a path to $8.60 , but with a crucial caveat: the path is conditional and filled with hurdles.
What you'll learn 👉
The Chart: Not a Direct Path to $8.60
This is a daily XRP/USD chart from Bitstamp using Elliott Wave analysis plus Fibonacci retracement and projection levels. XRP is shown around $1.00 .
The analyst appears to be treating the major rally into the roughly $3.40–$3.60 region as a completed larger bullish wave, followed by an ongoing corrective phase. The yellow descending trendline tracks that correction.
The crucial point is that the chart does not indicate XRP goes directly from roughly $1 to $8.60. Instead, the apparent roadmap is: current correction → possible deeper low → recovery → major resistance → eventual bull-market expansion toward $8.66.
That distinction matters a lot.
XRP May Still Have Downside to Complete First
The orange and brown box is the most important near-term part of the chart. It contains three Fibonacci levels:
| Fibonacci Level | XRP Price |
|---|---|
| 50% | $0.98591 |
| 61.8% | $0.73666 |
| 78.6% | $0.48648 |
With XRP around $1.00, price is essentially sitting on the 50% retracement. The wave labels around this area indicate the analyst is considering several ways the correction could finish. The projected path appears capable of taking XRP toward roughly $0.74*, while the broader support and target region extends as low as approximately $0.49.
This fits with More Crypto Online’s broader recent Elliott Wave commentary. Previous analysis from the same analyst has repeatedly treated XRP’s structure as corrective and allowed additional downside before a meaningful reversal.
So this is not a prediction that XRP has bottomed at $1 and is heading to $8.60. It is closer to: the XRP price could eventually target $8.60+, but the current correction may need to finish first.
The Red Zone: The Key Hurdle
This is the red box higher up on the chart. It runs approximately from $1.66 to $2.80 , with these Fibonacci levels:
| Fibonacci Level | XRP Price |
|---|---|
| 38.2% | $1.66353 |
| 50% | $1.93735 |
| 61.8% | $2.25624 |
| 78.6% | $2.80288 |
This is arguably the most important part of the analysis. The analyst specifically says the red resistance zone remains the key hurdle where an upside reversal could fail.
Even if XRP bottoms and starts recovering, simply reaching $1.66, $1.94, $2.26, or even $2.80 does not establish the $8.60 scenario. The recovery itself could turn out to be another corrective rally. That is why the $8.60 target should be presented as a bull-market target conditional on XRP successfully transitioning back into a sustained bullish trend.
Read also: XRP or Cardano: Which Could Recover Faster By 2027?
Another Barrier Around the Old Highs
There is also a green horizontal resistance line around $3.4–$3.5 , corresponding roughly with the major highs visible on the chart. So there are effectively multiple hurdles:
- ~$0.74–$0.49 : Potential deeper correction area
- ~$1.66–$2.80 : Major recovery and resistance zone
- ~$3.4–$3.5 : Previous major high and resistance
- $8.66 : Long-term bull-market target
That is a very different story from a simple “$8.60 XRP prediction.”
Where Exactly Does $8.60 Come From?
At the very top, the cyan line is labeled 100.00% ($8.66170) and marked as wave iv. That appears to be a long-term Fibonacci-derived target within the analyst’s larger Elliott Wave structure.
If the larger bullish cycle ultimately resumes and XRP establishes a sustained bull market, the analyst views roughly $8.66 as the first significant new-all-time-high target area.
Other Elliott Wave analyses have also produced much higher XRP targets once certain bullish structures are confirmed, although the wave counts and assumptions differ. These high targets emerge from long-term wave projections.
Overall, the red zone is what makes the $8.60 story interesting. Without it, it is just another huge XRP prediction. With it, there is tension: the analyst sees $8.60 potential, but XRP first has to survive a correction and overcome a massive resistance zone.
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