Veteran Crypto Trader: This XRP Chart to $20 Actually Looks Feasible

A $20 XRP price target has resurfaced after crypto enthusiast Crypto Bitlord highlighted a post from Amonyx presenting a long-term Elliott Wave analysis.

The chart projects XRP moving through another major upward sequence, with the final wave reaching around $20. While the target remains a technical projection rather than a confirmed outcome, the analysis has drawn attention because of the scale of the potential move shown on the chart.

Amonyx Projects XRP Toward $20

The accompanying chart uses Elliott Wave labeling to outline a potential multi-stage price movement for XRP.

The chart tracks XRP’s historical price action from 2018 and marks several corrective and impulsive waves. It then applies a larger Elliott Wave structure to XRP’s more recent movement. The analysis identifies an initial upward wave, followed by a correction, before projecting another advance that could eventually take XRP toward the $20 region.

Amonyx’s projection places the potential $20 level later in the pattern rather than suggesting XRP will reach that price immediately. The chart shows projected waves extending through 2027, with the final wave labeled as Wave (5) reaching close to the $20 mark.

Crypto Bitlord drew attention to the analysis by highlighting the structure behind the prediction. In his commentary, he wrote, “This XRP chart to $20 actually looks feasible. A 3 step Elliot wave. Will be watching this one closely.”

The comment indicates that Crypto Bitlord sees the Elliott Wave structure as technically plausible and intends to monitor how XRP’s price develops relative to the projected pattern.

Chart Shows Multiple Stages Before $20

The chart does not present $20 as an immediate price objective. Instead, it outlines several stages that XRP would need to complete for the projection to materialize.

Following XRP’s previous major advances and corrections, the chart identifies a more recent decline toward the $1 area as a potential Wave (C). From there, it projects an upward Wave (1), a subsequent Wave (2) correction, and another stronger advance labeled Wave (3). The analysis then anticipates another correction before a final Wave (5) pushes XRP toward approximately $20.

This structure underpins the claim that the target could remain achievable if the Elliott Wave count holds.

Crypto Community Reacts to the Projection

For now, the $20 level remains a projection based on technical analysis. The forecast’s validity will depend on whether XRP follows the wave structure identified on the chart as its price action develops over the coming years.