Analyst sees ‘stairs to Valhalla’ for XRP price: aim for $15

In the crypto market, uncertainty is rarely far away. Yet some traders seem to seek guidance in recurring structures. A recent analysis by ChartNerd, a well-known analyst on X, again shows such a pattern in the XRP price. But is the image of a repeating cycle correct this time, or has the market now changed?

XRP in five-part Elliott Wave cycle

According to the analyst, XRP is in a five-part Elliott Wave structure that started in 2023. That cycle mainly took shape in 2024 when the third wave sent the price up more than 500 percent. XRP reached a peak of $3.31 in January 2025 and set a new record high of $3.55 in July.

Since the beginning of 2025, XRP has been in a prolonged consolidation phase, something the analyst also saw before previous strong increases. ChartNerd calls this pattern the “Staircase To Valhalla” and sees the current phase as the starting point of a possible fifth and final wave.

Price targets between $3 and $15 for XRP

The chart he shares shows the current XRP price at $2.25, with possible targets around $3, $7 and $15. The level of 3 dollars is considered an important resistance point that must first be broken through convincingly. He regards the higher targets as scenarios during a so-called blow-off top, a phase in which the price rises sharply in a short period of time before a pullback can occur.

It is striking that, according to his analysis, XRP has remained above a long-term support line where the price often stalled previously. According to him, that detail gives extra strength to his scenario, although he does not comment on a timeline or the certainty of such a move.

Will the market follow the pattern again?

The question is therefore whether the market will follow the pattern again. The crypto world is known for sudden changes where historical structures do not always resurface. At the same time, such analyzes remain decisive, precisely because a large group of traders pay attention to them.

It will mainly depend on which direction Bitcoin (BTC) goes. If Bitcoin has now entered a bear market, as many people now think, then it will be virtually impossible for XRP to reach new records.