A recent post by TheCryptoBasic on X has caught the attention of XRP holders. In the thread, a well-known analyst says XRP might be gearing up for a huge rally – one that could send the price more than 300% higher than where it is now. He called it an “insane opportunity” for anyone holding the token.

The analyst shared a chart that uses Elliott Wave Theory. This method looks at how markets move in waves based on investor psychology. According to him, XRP already finished a classic five-wave move between November 2024 and January 2025. During that time, XRP jumped 500% and reached a high of $3.399.

After that peak, the XRP price started to pull back. But each time XRP dropped, it bounced back up from the same trendline, creating a strong base of support. In April, it touched a key area near $1.614 – a level known as the golden pocket in technical analysis, based on the 0.618 Fibonacci retracement. This level sparked another bounce, showing that buyers are still active and protecting this zone.

Now, the analyst believes XRP is getting ready for another big move. The first target is $3.40, which was the top back in January. If XRP can break above that and stay there, the next move could be fast and strong. The chart shows a possible target of $6.50, based on the 1.618 Fibonacci extension.

But the analyst didn’t stop there. He went on to say that $6.50 is just the minimum target for this next wave up. If momentum carries through, XRP could even hit $9.50 – a 313 percent surge from where it trades now. This target aligns with the projection for the third wave in the Elliott Wave sequence, which is often the most powerful phase of a bull market.

The setup has gained attention not just for its ambitious price targets but for its structure. XRP’s recent consolidation looks like a bullish triangle forming above strong support, and the trendline from January has been respected multiple times. This kind of technical behavior often leads to explosive price moves once a breakout occurs.

The timing couldn’t be better. The overall crypto market is starting to recover, and sentiment around XRP is slowly turning positive. If the price can break through $3.40 with strong volume, it could signal the start of the next major rally.

For now, XRP looks like it’s coiling up. And if this analysis proves right, a big breakout may be just around the corner.

Read also: XRP Breaks Away from the Pack: Q1 Growth While BTC, ETH, and SOL Shrink

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The post This XRP Chart Signals a 300% Rally – Analyst Says It’s an ‘Insane Opportunity’ appeared first on CaptainAltcoin.

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