Crypto analyst Steph Is Crypto (@Steph_iscrypto) recently shared a chart predicting XRP’s next market movement. The chart indicates that the asset has completed waves one through four and is now positioned for a fifth wave, suggesting a strong potential upside. Currently, XRP trades around $1.42, showing consolidation after a notable corrective decline.
Wave Analysis Indicates Potential Upside
The chart highlights an Elliott Wave structure, a common technical analysis tool used to anticipate price trends. Waves one, three, and five are upward movements, while waves two and four are corrective declines.
According to the chart, XRP has finished wave four and is preparing to enter wave five. The projected fifth wave moves significantly higher than previous peaks, suggesting substantial growth if the pattern follows the historical trend.
During wave three, XRP reached $3.65, its all-time high. This move was followed by wave four’s decline to the current $1.42 level. This wave also formed a falling wedge in late 2025, adding to the bullish sentiment surrounding the impending breakout.
The current setup positions XRP for a massive rebound. Steph Is Crypto marks this movement clearly on the weekly chart, showing the trend’s next phase. The chart projects a sharp upward movement for wave five, targeting levels near $8.
$XRP 5TH WAVE INCOMING!!! pic.twitter.com/tu9qFXWNBV
— STEPH IS CRYPTO (@Steph_iscrypto) February 7, 2026
Weekly Chart Confirms Strength
The weekly candlestick chart supports this analysis. The corrective phase in wave four shows lower volatility, which often precedes larger price movements. Price action demonstrates consistent support around the $1.40-$1.45 range. This consolidation suggests that sellers have been absorbed and that the market is prepared for the next wave higher.
Steph Is Crypto’s chart mirrors classical Elliott Wave structures, indicating a disciplined market pattern. This reinforces the potential for a significant upward move in the coming months.
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Technical Momentum Aligns with Elliott Wave
Other indicators on the weekly chart, such as the height of previous waves and corrective pullbacks, show that XRP is positioned to resume upward momentum. Wave five is typically the final impulse in a five-wave cycle, often driving prices beyond prior peaks. The chart suggests XRP may follow this path, highlighting a substantial opportunity for price growth.
Other analysts have shared similar predictions, with technical indicators also targeting $8. The completion of wave four is a key turning point. Traders observing this chart can anticipate the fifth wave and adjust positions accordingly as XRP begins to rise.
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 urged to do in-depth 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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