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Crypto analyst Diana has predicted that the $XRP price could rally to $7, representing a 450% gain for the altcoin. She alluded to technical setups that prove that the token could reach this price target this year, which would mark a new all-time high (ATH).
$XRP Price Eyes 450% Rally To $7
In an X post, Diana stated that the $XRP price technical setup targets $7 next based on the Elliot Wave and Fibonacci levels. She noted that right now, the altcoin is sitting at a critical support zone between $1.50 and $1.55 and that this is the level buyers must defend. If this support holds, the analyst predicts that $XRP can rise to between $1.88 and $2 with volume, which could lead to the chart opening up fast.
Diana also highlighted the short, medium, and long-term outlook for the $XRP price even as it looks to surge to the $7 target this year. In the short term, she expects a clean breakout above $2, which could send $XRP to between $2.20 and $2.70, a move that the analyst noted will finish the current local wave.
For the medium-term outlook, Diana noted that the $XRP price structure looks like the start of a larger wave 5 impulse from the 2025 to 2026 lows. Using Fibonacci extensions and channel projections, she stated that the major target lands in the $5 to $8 zone, with $7 lining up perfectly as the next realistic cycle high.
The analyst also predicted that the $XRP price could reach this target within the next four to eight months if momentum continues. She added that $XRP could peak between June and October 2026 in bullish scenarios.
$XRP Could Soon Begin Wave 4 Move To The Upside
In an X post, crypto analyst CasiTrades stated that she expects the Wave 4 relief move to begin soon for the $XRP price as the altcoin has held its current support nicely. She noted that the first resistance she is watching is the .382 retrace at $1.78, which also coincides with the prior support breakdown.
CasiTrades also noted that the Wave 2 move was very shallow, with the $XRP price only retracing to .382, and that in Elliot Wave, shallow Wave 2 moves often lead to deeper Wave 4 retraces. As such, she believes that it is possible that this Wave 4 move could push higher toward $1.93 or even up to the $2.03 macro .5 retracement level.
The analyst added that the $XRP price needs to reclaim $2.03 and hold it as support. This would invalidate the need for another wave down toward $1.55 or lower, thereby causing Wave 5 to fail.
At the time of writing, the $XRP price is trading at around $1.58, down in the last 24 hours, according to data from CoinMarketCap.