XRP is on the move! In the last 30 days, with a significant rise of 70.9%, XRP has outperformed almost all top cryptos, including the top two cryptos, Bitcoin (15.9%) and Ethereum (62.2%). In the last seven days alone, it has surged by over 16.7%. 

On July 16, the XRP price broke above the $3 mark for the first time in four months. At one point, on July 18, it touched a yearly peak of $3.6615. Since July 16 alone, the XRP market has jumped 18.17% to $3.4416. 

Tony “The Bull” Severino, a respected market analyst, predicts that XRP could hit $13 within the next six weeks. 

Possible? 

Why’s this Optimistic about XRP? 

Severino’s prediction is not pulled from thin air. He points to at least three strong technical indications. 

• Firstly, he highlights that XRP recently broke out of a massive, long-term pattern (that is, a seven-year Symmetrical Triangle pattern), signalling significant upward momentum.

• Secondly, he points out that a smaller, more recent triangle (that is, a six-month Bull Pennant pattern), also saw a breakout, adding to the bullish signs. 

• Thirdly, as per his Elliot Wave analysis, XRP is right now in the “Wave 5” of its bullish cycle. He argues that Wave 4 saw XRP dip from $3.4 in January 2025 to $1.96 in June 2025. He claims that Wave 5 would push the XRP price significantly higher.

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The Path to $13 for XRP

If things evolve as predicted by Severino, the XRP market would hit the $13 market within the next six weeks. 

His six-week timeline is actually based on XRP’s historic 2017 bull run, where the cryptocurrency peaked six weeks after a similar pattern breakout. 

What Comes After the $13 XRP Peak?

While the immediate future looks bright, Severiono warns that, after potentially hitting $13, XRP might experience a major market correction, possibly forming an ABC corrective pattern as per Elliott Wave Theory.

In conclusion, Severino’s analysis paints an exceptionally bullish picture for XRP in the short term, supported by strong technical breakouts and Elliott Wave patterns. 

However, he also reminds investors that even strong rallies are often followed by corrections.