- XRP charts show potential surge to $7.45, backed by Elliott Wave and Fibonacci models.
- XRPL transaction volume could spike to $1.19T if breakout follows projected path.
- CTF Token burn on May 3 may boost price, with projections targeting $748.50 per token.
XRP may be on the edge of a major price move following several months of technical consolidation. Chart models using Fibonacci extensions and Elliott Wave analysis project a potential surge to $7.45 within two weeks. The prediction is based on observed XRP/USDT pair patterns and a recent bounce from a key support range. If confirmed, this upward movement could coincide with a rise in XRPL transaction volume and heightened activity around a native DeFi token, CTF.
A TradingView daily chart shared by an analyst maps XRP’s price movement from late 2024 into 2025. It shows a series of corrective waves labeled (A), (B), and (C) forming a descending channel, with the asset trading between $2.13 and a high of $2.56. This prolonged consolidation is interpreted as part of a classic Elliott Wave setup, preparing the ground for a new impulsive wave upward.
Fibonacci extensions applied to the December low and January peak define major resistance targets. These include $3.28 (0.236), $4.60 (0.5), and $6.19 (0.786). The full extension at the 1.0 level aligns with a projected price of $7.33, close to the forecasted $7.45. Volume indicators confirm increased activity near recent reversal zones, suggesting market participants are positioning for a breakout.
XRPL Transaction Volume May Reach $1.19 Trillion
A possible XRP breakout could result in broader network effects. Analysts estimate that if XRP reaches the projected levels, the XRP Ledger could process up to $1.19 trillion in transaction volume. The increase would reflect heightened network utilization, particularly in decentralized finance (DeFi) sectors built on XRPL.
One of the emerging players in this space is CTF Token. The token is highlighted as a key DeFi component within the XRPL ecosystem and has gained attention due to bullish projections. CTF is currently priced at $0.28 and is linked to a speculative valuation model that places its future market cap at $20 billion. Based on this model, the price per token could increase to as high as $748.50.
Supply Event Scheduled for May 3
A scheduled token burn will support the price projection for CTF. A confirmed supply reduction of one million CTF tokens is set for May 3. Such events often have deflationary effects by reducing available supply, which may contribute to long-term price support if demand rises.
XRP remains in a technical holding pattern, but the structure of its recent price activity suggests that a breakout may be imminent. A move beyond current resistance could place the token on track to revisit its 2021 highs.
