XRP has been on a journey of recovery since the peak of 2018, and now analyst Tony “The Bull” Severino, CMT, is suggesting that a significant surge could be on the horizon for the cryptocurrency. In a recent post on X, Severino pointed out that the final move in XRP during the 2017 cycle saw the price reaching as high as ~$13 in just 40 days. This projection was accompanied by a weekly‑scale TradingView chart that illustrated the potential for a similar explosive move.
The analysis is based on Elliott Wave theory, which identifies the 2017 high as the end of Primary wave ③ and the subsequent years as a fourth‑wave contracting triangle. The recent price action has broken out of this triangle pattern, with Severino noting that the initial thrust could be wave (1) of the terminal Primary ⑤. A minor pennant formation is currently developing as wave (4) within this impulse.
The analyst highlighted the symmetry between the 2017 high and the 2018 low, with a 1,903.50 % increase occurring over 42 days. He projected a similar percentage increase from a base around $0.64 to a potential high of $12.73, which could be reached in the next six weeks if the pattern plays out as expected.
However, Severino cautioned that even if this surge occurs, it would likely be followed by a bear cycle as part of the larger Elliott Wave structure. The practical question for investors is whether they are prepared for the volatility that such a rapid price increase would bring, with XRP currently trading at $3.49.
The analysis points to the possibility of a significant price surge for XRP in the coming weeks, with the potential for a rapid increase to $13. Investors will need to carefully consider their risk tolerance and investment strategy in light of this forecast.