Elliott Wave Analyst: XRP Is About to Teleport to $6.9. Here’s Why

In financial markets, the quiet before a breakout often conceals the most powerful ￰0￱ now appears to be in that calm — a tightening range that’s preparing to ￰1￱ weeks of compressed trading and capped volatility, the cryptocurrency is positioned at a critical ￰2￱ to Elliott Wave analyst Hov, XRP could be on the verge of initiating one of its strongest upward impulses yet — a move that could swiftly carry it toward $6.90 if key technical conditions align. XRP’s Market Structure and Current Performance As of report time, XRP trades around $2.97, holding steady despite a broadly consolidating crypto ￰3￱ token’s recent price action has been characterized by higher lows and diminishing downside pressure, suggesting sustained accumulation beneath the ￰4￱ Bitcoin hovering above $124,000, risk appetite across digital assets is recovering, providing a constructive backdrop for potential continuation in XRP. $XRP about to teleport to $6.9 Since our last XRP update it's been coiling up while capping downside to nothing more than wicks (threaded) We're right on the edge of confirming our wave 3 of 3 here Key will be getting a HTF close above 3.25ish Once that happens I believe… ￰5￱ — Hov (@HovWaves) October 6, 2025 Traders observing the daily chart have noted that XRP’s structure has been coiling within a tight range between the high-$2 zone and the low-$3 ￰6￱ minor dip has been met with renewed buying, reinforcing a sense of latent ￰7￱ accumulation phase, according to Hov, is the necessary prelude to the next major impulsive ￰8￱ Hov’s Elliott Wave Thesis In his latest X post, Hov describes XRP’s current setup as the prelude to a “wave 3 of 3” formation — the most explosive stage in Elliott Wave theory, known for producing steep and sustained ￰9￱ identifies the $3.25 region as the decisive barrier that must be broken and held on a high-timeframe (HTF) close for the next wave to be ￰10￱ that condition is met, the technical model projects an accelerated climb toward $6.90, aligning with Fibonacci extension targets often seen in major third-wave expansions.

Hov’s analysis highlights that the asset has held firm through its consolidation range, even maintaining strength above earlier structural zones that previously acted as deeper ￰11￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Technical Road to $6.90 Hov’s projection is grounded in clear market logic. A confirmed breakout above $3.25 would signify the transition from compression to expansion, validating bullish control. Historically, when assets break from such tightly wound structures in a confirmed wave three, momentum often compounds quickly as both traders and algorithms recognize the ￰12￱ target of $6.90 stems from Fibonacci wave measurements that quantify potential extensions based on earlier impulse ￰13￱ this framework, a rapid price acceleration is not speculative — it’s mathematically consistent with prior patterns observed in XRP and other assets undergoing third-wave ￰14￱ Momentum with Market Caution While the technical outlook is bullish, Hov maintains a measured ￰15￱ to achieve a sustained break above $3.25 could keep XRP trapped in its sideways pattern a while ￰16￱ macroeconomic factors and liquidity trends also play a role; shifts in investor sentiment or unexpected regulatory commentary could either accelerate or delay the breakout phase.

Ripple’s completed legal battle with the ￰17￱ has reduced structural risk and improved investor confidence, allowing XRP to trade with a more stable ￰18￱ stability provides the foundation for a possible resurgence once the market confirms direction. XRP’s chart is at a moment of equilibrium — pressure building, structure tightening, and momentum waiting to ignite. Hov’s Elliott Wave projection provides a clear technical roadmap: a decisive close above $3.25 could trigger a powerful surge toward $6.90, while failure to confirm the breakout may prolong ￰19￱ now, XRP’s resilience and technical precision suggest that the next major move may not be far ￰20￱ : This content is meant to inform and should not be considered financial ￰21￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰22￱ are urged to do in-depth research before making any investment ￰23￱ action taken by the reader is strictly at their own ￰24￱ Tabloid is not responsible for any financial ￰25￱ us on Twitter , Facebook , Telegram , and Google News