XRP’s Long-Term Chart Hints At Explosive Rally, Analyst Eyes $30 Target

• XRP surged over 15% following Trump’s 90-day tariff pause announcement, then slipped slightly.
• Elliott Wave analysis predicts XRP could reach $20 in Wave 3, $30 in Wave 5.
• Short-term resistance at $2.11 may lead to $2.41-$2.60, while support lies around $1.47.

XRP has recently shown signs of recovery, surging 15.3% to reach $2.08 on April 9. While it briefly surpassed the $2 threshold, the cryptocurrency has since seen a slight pullback, settling at $1.99 at the time of writing. Despite this dip, XRP has experienced an impressive 11.21% increase in value over the past 24 hours, reflecting renewed investor confidence.

A key factor behind this sudden shift in sentiment was an official announcement from U.S. President Donald Trump. On April 9, he declared a 90-day pause on all “reciprocal” tariffs. This move temporarily reduces the U.S. tariff rate to 10% for countries affected by reciprocal trade measures.

However, China was excluded from this policy. Instead, the U.S. raised tariffs on Chinese imports to 125%, citing what the president described as “the lack of respect the country has shown the world markets.” The announcement triggered immediate movement in the cryptocurrency sector, with Bitcoin rebounding from a recent low of $74,400 to rise above $82,000.

XRP’s Long-Term Potential Through Elliott Wave

Amid these broader developments, market analysts have begun looking more closely at XRP’s long-term potential. Using Elliot Wave Theory, analyst XForced Global suggested that XRP has completed its first wave, which took the price from $0.50 up to $3.40. The asset now appears to be in Wave 2— typically a correction phase — which could result in prices falling to between $1.70 and $1.00.

According to the analyst, if this theory holds, Wave 3 could initiate a significant rally, potentially sending the price as high as $20. Wave 4 possibly causing a correction back to around $7, followed by Wave 5, which could drive the price up to $30.

XForced Global also lauded XRP’s remarkable resilience over the years, noting that it is one of the few cryptocurrencies to have consistently formed higher lows for the past seven years, despite facing ongoing criticism. He further highlighted that “XRP continues to outpace ETH in dominance, even during periods of market stress. If that’s not strength, I don’t know what is.”

Short-Term Resistance and Support Levels

In the short term, if XRP can push through and hold above $2.11, there’s potential to move toward $2.41 or even $2.60. Both levels have seen major activity over the past four months. But if the coin gets rejected there, it may fall back toward $1.47, which coincides with the buy zone suggested by the Elliot Wave analysis.

In addition, technical signals are less optimistic. The MACD indicator has gone deeper into bearish territory. The MACD line at -0.10967 sliding under the signal line at -0.0953, while the histogram shows a red bar at -0.01397, showing sellers still have a strong grip.

The Relative Strength Index (RSI) is below 50, currently reading 42. This suggests XRP isn’t in bullish territory just yet and might still have room to fall before buyers step in again.

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