Altcoin XRP Nears Closing a Historic Wave 3 Breakout, Wave 4 and 5 Could Bring $8.5 ATH

• Altcoin XRP nears closing a historic wave 3 breakout.

• Wave 4 and 5 could bring XRP to a new ATH price this year.

• The first bullish XRP ATH target expected is at the price of $8.5.

Reputed crypto and altcoin analysts have been growing more eager by the day, specifically because several altcoin assets are showing strong signals for a bullish breakout in the coming days ahead. To highlight, altcoin XRP nears closing a historic wave 3 breakout, meaning a wave 4 and 5 move could bring $8.5 ATH in play. Could this be during the peak of the long-awaited altseason phase?

Altcoin XRP Nears Closing a Historic Wave 3 Breakout

Of the many promising altcoins in the market, one of the most bullish is the Ripple Network’s native token asset XRP. Since its debut, the price of XRP was expected to make a significant move, possibly shifting crypto market dynamics. However, due to an unexpected roadblock, caused by a lawsuit from the SEC, the price of XRP saw stunted growth and fell exponentially over the next 7 years.

Now, after a successful victory against the SEC, XRP stands as one of the only crypto assets with regulatory clarity, further boosting the asset’s capability to surge, reclaim its previous ATH, and enter the price discovery phase to set new ATH targets. Unfortunately, this has yet to play out. Since the win, XRP saw two bullish price surges, but neither brought it close to its previous ATH.

$XRP#Ripple’s #XRP is getting incredibly close for that historic wave 3 breakout.

We’ve made sure to do this play-by-play, carefully, over the past years. In this in-depth 10-minute video, I explain my conviction, risk management tactics, and herd market psychology. pic.twitter.com/dypXI7C669

— XForceGlobal (@XForceGlobal) April 3, 2026

Despite this slow surge, experts remain highly bullish on the asset, and expect a heavy momentum shift in 2026. In fact, many are certain that XRP will make a parabolic move as its price chart suggests will occur over the coming price waves. As we can see from the post above, Ripple’s XRP is getting incredibly close for that historic wave 3 breakout. The video in the post goes on to explain what to expect next.

Wave 4 and 5 Could Bring $8.5 ATH Soon

Adding to the bullish narrative is another reputed crypto analyst who says that XRP has completed wave 4 of 3-year Elliott Wave Structure, with upcoming wave 5 targeting $8.5 ATH for the popular altcoin asset. The expert states that the current market downtrend has impacted XRP’s price position, leading to a 61% decline from the $3.6 peak to the current price of $1.4. These persistent declines have now resulted in the completion of the corrective Wave 4 phase of a multi-year Elliott Wave structure.

$XRP Completes Wave 4 of 3-Year Elliott Wave Structure, with Upcoming Wave 5 Targeting $8.5, Dark Defender Highlights.

The current market downtrend has impacted XRP’s price position, leading to a 61% decline from the $3.6 peak to the current price of $1.4.

These persistent… pic.twitter.com/uM2UiRZpOK

— TheCryptoBasic (@thecryptobasic) March 24, 2026

As the analyst in the post above continues to explain, the Elliott Wave structure started forming in January 2023, with XRP recovering from the $0.29 low during Wave 1. Wave 1 ended with a peak of $0.93 in July 2023, while Wave 2 closed with a low of $0.38 by July 2024, and Wave 3 ended at the $3.4 high in January 2025. Following the recent completion of Wave 4, chart data indicates that the upcoming Wave 5 could push XRP to an ATH of $8.5.