Crypto analyst Amonyx (@amonyx) made a bold call on XRP, stating that “XRP is going to reach $20, and there’s nothing anyone can do about it.” His accompanying weekly chart provides the technical structure behind that projection.
The chart tracks XRP across several major market cycles. It uses Elliott Wave labels to connect earlier corrective phases with the advances that followed. The current setup sits within the latest section of that long-term structure.
$XRP is going to reach $20, and there's nothing anyone can do about it. pic.twitter.com/ixUtLiNlEj
— Amonyx (@amonyx) August 27, 2026
The Current Wave Structure
The chart places XRP around $1.50 after a substantial correction from its all-time high of $3.65, which it reached in July 2025. That decline forms a falling wedge marked with an ABC correction.
Wave (A) began at the start of 2025 after XRP’s explosive surge in late 2024 pushed it above $3. Wave (B) pushed the asset to its peak, and wave (C) formed the extended downturn that pushed XRP toward approximately $1. That $1 area is an important reference point in the chart.
XRP now trades at $1.42. It has since moved away from the lower boundary, and the analyst labels the advance as wave (1). The projected sequence then shows wave (2) pulling back toward roughly $2.70 before wave (3) accelerates toward approximately $8.50.
The Path Toward $20
The most significant part of Amonyx’s projection comes after wave (3). The chart shows another correction through wave (4), with XRP returning toward roughly $5.50.
From there, wave (5) rises sharply toward the $20 region and slightly above it. The projection therefore does not place $20 at the end of the first major advance. It presents the level as the destination of a larger five-wave sequence.
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This structure follows the classic Elliott Wave concept of an impulsive advance consisting of 5 waves. The chart applies that sequence to XRP’s longer-term price history.
XRP’s Next Major Levels
The chart makes the $1 area an important starting point for the projected move. XRP’s ability to build on its recovery from that region supports the next stages in the analysis. The first major projected milestone sits around $3.80, followed by the approximately $2.70 wave (2) area.
A move toward $8.50 would then represent the projected wave (3), while the chart places wave (4) near $5.50 before the final advance. Amonyx’s $20 call therefore comes from a detailed technical roadmap, with the Elliott Wave advance placing XRP above $20 after the completion of waves (1) through (5).
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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