XRP Price Outlook: $15-$20 Target Holds Despite Elliott Wave Uncertainty

XRP is under mounting pressure as the crypto market grinds through a prolonged correction. The token sits near $1.40, down roughly 23.64% year-to-date, as a market-wide selloff has wiped nearly $2 trillion in total crypto value since October 2025. Despite the bruising conditions, analysts tracking long-term Elliott Wave patterns argue the current turbulence is part of a larger bullish cycle, not the beginning of a structural breakdown.

Analyst Hov suggests XRP may still be unfolding within a multi-year Elliott Wave formation, with the current pullback representing either a Wave 4 or Wave 2 corrective phase. Both labels point to temporary consolidation before the next impulsive leg higher. This reading aligns with XRP Price Eyes Massive Rally as Trader Calls Final Elliott Wave, where analysts highlighted that the later stages of a cycle tend to produce the most explosive price moves.

Regardless of where exactly the wave count lands, the macro picture for XRP remains constructive. Once the corrective phase concludes, projections point to a potential advance toward the $15 to $20 range. Similar long-term targets have been laid out in XRP News: Accumulation Strengthens Case for $20-$30 Targets, which argues that sustained accumulation phases often front-run major breakouts in crypto markets.

The broader picture reflects a market still weighing cyclical risk against long-term potential. Derivatives positioning remains cautious, with open-interest-weighted funding rates staying negative while XRP hovers near key support. The ultimate direction will likely hinge on how the current corrective wave resolves, and whether the larger Elliott Wave structure can deliver on its bullish promise.