The accompanying chart illustrates this with horizontal blue support bands at around $0.42 and $1.41, where the price has bounced several times since late 2024. Based on the token’s recent move and current structure, Hov has updated his wave count to a “sideways combo correction” within a larger degree fourth wave, as depicted on the chart with labels like (w), (x), (y), and (z), showing flattened price action.
This adjusted wave structure accounts for the extended consolidation observed between 2022 and 2025, during which XRP oscillated without decisive breaks. According to Hov, XRP’s price reached a “perfect tag of the 50,” evident around the 0.618 Fibonacci level on the chart.
What’s Next For The Altcoin?If this confirmation occurs, the chart outlines a larger continuation path beyond $2. The projected targets suggest that XRP could gradually climb toward $3.42, corresponding to the 0 Fibonacci extension. After this, the ascending blue line on the chart indicates the next price target of around $5.7. Once the altcoin reaches this level, Hov anticipates the onset of a larger wave 5, with a potential target at $8.
