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.”