Persona 5 The Phantom X

Persona 5 The Phantom X Ending Explained: Story Wrap Up

Persona 5 The Phantom X Artwork 12

Persona 5 The Phantom X currently has an ongoing, “to be continued” main story rather than a finished, single-game ending, so there is no definitive final wrap-up yet. The developers have outlined the overall ending and long-term arc, but players are still only partway through that plan in the live game.​

How Far the Story Goes Right Now

P5X releases its plot in chapters and Palaces over time, more like a long-running anime season than a one-and-done JRPG.​

  • Version 1.x global covers the early Palaces and arcs (Kiuchi and subsequent rulers), ending current main quests with “to be continued” markers rather than a true finale.​
  • As of late 2025, Chinese and global clients have reached around the Chapter 3–4 range, with new bosses and story beats being added via updates (for example, the recent Chapter 4 finale on the CN client).​​

So far, each chapter resolves its local villain and theme, but the overarching mystery around Wonder, Lufel, the Velvet Room, and the larger Metaverse threat is deliberately left unresolved.​

Planned Overall Ending (Developer Outline)

Interviews and reports indicate that Atlus and the P5X team have already mapped out the broad story ending.​

  • Atlus has “decided on the outline for the ending” and is refining it, confirming that P5X is meant to have a structured main narrative with a proper conclusion, not an endless filler loop.​
  • Internal plans reportedly center the core plot around roughly seven Palaces as the backbone of Wonder’s main arc, with the possibility of extra content beyond that.​

Even after the main storyline concludes, the game is expected to continue via side stories, collabs, and bonus content, much like other live-service RPGs.​

Current “Ending” Themes and Mysteries

While there is no final ending yet, early chapter finales and story discussions highlight several key themes and questions.​

  • Wonder repeatedly experiences ominous “ruinous visions” and Velvet Room scenes that frame his journey as a test of choice and rebellion, echoing Joker’s arc but in a new context.​
  • Crossovers with Joker and the original Phantom Thieves, plus glitches and odd timeline interactions, have led to popular theories that P5X may play with alternate timelines or “bad ending” consequences from Persona 5, though this remains unconfirmed and purely speculative.​​

Each chapter’s boss (like Kiuchi, the “Subway Slammer”) represents a different facet of distorted desire, and the pattern suggests later Palaces will escalate this toward whoever is orchestrating the larger theft of humanity’s hopes.​

What to Expect Going Forward

Given the current roadmap and statements:​

  • More main story chapters and Palaces will continue to roll out on mobile/PC, steadily pushing toward the pre-planned conclusion.
  • Atlus has also mentioned intentions for console versions after the international release stabilizes, implying that story progress and the eventual ending will remain a major focus.​

Until the main arc fully releases, P5X doesn’t have a single “ending explained” moment, only chapter finales and long-term foreshadowing, so any full ending breakdown will have to wait for future updates that deliver the planned climax of Wonder’s story.

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Jake Skudder

Jake is an SEO-minded Football, Combat Sports, Gaming and Pro Wrestling writer and successful Editor in Chief. Most importantly, he is a Gacha players who specialises in Genshin Impact. On top of that, Jake has more than ten years of experience covering mixed martial arts, pro wrestling, football and gaming across a number of publications, starting at SEScoops in 2012 under the name Jake Jeremy. His work has also been featured on Sportskeeda, Pro Sports Extra, Wrestling Headlines, NoobFeed, Wrestlingnewsco and Keen Gamer, again under the name Jake Jeremy. Previously, he worked as the Editor in Chief of 24Wrestling, building the site profile with a view to selling the domain, which was accomplished in 2019. Jake was previously the Editor in Chief for Fight Fans, a combat sports and pro wrestling site that was launched in January 2021 and broke into millions of pageviews within the first two years. He previously worked for Snack Media and their GiveMeSport site, creating Evergreen and Trending content that would deliver pageviews via Google as the UFC and MMA SEO Lead. Jake managed to take an area of GiveMeSport that had zero traction on Organic and push it to audiences across the globe. Jake also has a record of long-term video and written interview content with the likes of the Professional Fighters League, ONE and Cage Warriors, working directly with the brands to promote bouts, fighters and special events. Jake also previously worked for the biggest independent wrestling company in the UK, PROGRESS Wrestling, as PR Head and Head of Media across the social channels of the company.

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