The prospect of XRP reaching $8 has captured the crypto community’s attention. After gaining 7% today, the price sits at $2.19. Traders are now debating whether this rally could be the start of a significant final wave in XRP’s long-term Elliott Wave structure.
Charting Guy, a respected technical analyst on X, shared his view on X. He traces XRP’s rise from the $0.38 low in 2023, labeling it the start of a multi-wave sequence. According to his analysis, XRP is now in a wave 5 extension, aiming toward $8. This projection is both ambitious and carefully considered.
$XRP still going to $8
idc pic.twitter.com/xzbyvmA8Ma
— Charting Guy (@ChartingGuy) November 25, 2025
Elliott Wave Setup
In his analysis, Charting Guy identifies waves 1 and 2 as completed in early 2025. Wave 3 followed with a steep impulse upward. Wave 4 unfolded as a complex A–B–C corrective pattern, retracing part of wave 3’s gains. He interprets a bounce from $2.72 to $3.38 in August as a B-wave, suggesting the C-wave correction is ongoing.
Fibonacci levels are central to his methodology. Retracements like 0.786 ($2.87293) and 0.888 ($3.1273) highlight key correction zones. Extension levels at 1.272 ($4.63) and 1.618 (~$5.39) mark potential upside targets for wave 5 before reaching the $8 ceiling.
Key Price Levels and Risks
XRP must reclaim $2.65 to confirm the bullish path. Failing this could push the price back. He cautions that without a clear breakout, the $8 target may remain out of reach. He also notes an extended move toward $8 could occur later in the year, but timing is uncertain.
Comparison with Other Analysts
Charting Guy’s target is more optimistic than some Elliott Wave analysts, yet more cautious than extreme forecasts. Others project smaller targets, like $3.88, based on inverse retracement calculations. Some aggressive analysts, however, see the $8+ level as achievable if wave 5 fully extends, creating excitement among long-term holders.
Investor Takeaways
Charting Guy’s analysis highlights a potential path for XRP but stresses caution. The wave 4 correction may not yet be complete. Clear breakouts above resistance zones are required to sustain momentum. Traders should prepare for volatility in both directions while monitoring Fibonacci levels and Elliott Wave developments.
In conclusion, the $8 target remains a plausible, carefully reasoned projection. However, XRP’s journey there may involve further corrections and sideways consolidation before a decisive breakout occurs. Investors should remain patient and disciplined.