Ripple price could be on the verge of another big move, and some analysts believe the next target could be in double digits.
As reported by TheCryptoBasic on X, crypto analyst Mr. Xoom has laid out a detailed case for why XRP price might be heading to between $7 and $10 in the coming months. His outlook is based on Elliott Wave Theory, a popular market analysis method that breaks price movements into predictable cycles.
What you'll learn 👉
Mr. Xoom’s Elliott Wave View on Ripple Price
According to Mr. Xoom, XRP has already moved past Wave 3 of its current bullish cycle. This is an important stage because Wave 3 is often the strongest rally in the pattern. In his analysis, XRP climbed from about $0.50 to $3.39 during Wave 3, marking a massive 575% gain. This rally began in early November when XRP traded at $0.49 and peaked above $3 by late January.
After that, the Ripple price entered Wave 4, a corrective phase that saw it fall below $3, then $2, and eventually touch $1.60 in April. This stage allowed the market to cool off and consolidate before another upward push. Mr. Xoom’s chart shows that $1.60 was the bottom of Wave 4, marking the start of Wave 5. Historically, Wave 5 often delivers meaningful gains, even if they are smaller than those seen in Wave 3.
Since that low, the XRP price has rallied sharply, reaching $3.66 in mid-July — a level not seen in almost eight years. This represents a rebound of about 129% from the April low. Even though the price has dipped slightly since then, Mr. Xoom believes the uptrend remains intact.
Why $7 to $10 Could Be the Next Stop for XRP Price
Mr. Xoom projects that Wave 5 could push XRP to between $7 and $10. With the price currently at $3.31, this would mean a potential gain of 111% to 202% from current levels. While he expects Wave 5 to be less explosive than Wave 3, he still sees it as a significant peak in the current market cycle.
Mr. Xoom projects that the final rally could drive XRP to between $7 and $10. With XRP trading at $3.31 at press time, this promising outlook suggests a potential upside of 111% to 202% from current levels.
— TheCryptoBasic (@thecryptobasic) August 9, 2025
The analyst noted that while the rally may not match Wave 3’s intensity,…
The implications of such a move are substantial. A $7 XRP price would give the token a market cap of around $415 billion, close to companies like Netflix and Mastercard. If XRP were to hit $10, its market cap would approach $600 billion, which is similar to Visa’s valuation.
Other analysts have made similar predictions using Elliott Wave Theory. In April, Korea’s first certified Elliott Wave analyst, XForceGlobal, forecasted that XRP could break out to $10 or higher based on a completed WXY corrective pattern. In June, analyst EGRAG also predicted a Wave 5 target between $9 and $10, with the possibility of reaching as high as $27 if momentum continues.
The Bigger Picture for Ripple and XRP
For many in the crypto community, the $7 to $10 target is more than just a price prediction. It reflects growing confidence in Ripple’s position in the digital asset market. The company continues to expand its network and explore global payment solutions, while XRP remains one of the most traded tokens.
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If Mr. Xoom’s analysis plays out, the Ripple price could reach levels that put it among the most valuable assets in the market. Whether it tops out at $7, $10, or even higher, the next phase of this rally could prove to be one of the most closely watched moves in crypto this year.
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