Tag: Elliott Wave

  • XRP Poised for Potential 2,000% Rally as Elliott Wave 3 Breakout Nears

    XRP Poised for Potential 2,000% Rally as Elliott Wave 3 Breakout Nears

    XRP is approaching a critical juncture, with market participants closely watching whether the cryptocurrency can clear major resistance levels and ignite a new bull phase. According to crypto analyst EGRAG CRYPTO, XRP may be nearing the final stages of an Elliott Wave 2 correction, setting the stage for a Wave 3 advance—typically the strongest phase of the Elliott Wave cycle.

    The Relative Strength Index (RSI) is reinforcing the bullish sentiment by developing a bullish divergence with XRP price. The RSI is forming higher lows while XRP has been making lower lows, suggesting that bearish momentum is gradually fading. Although this pattern does not guarantee a reversal, it has historically appeared around key market bottoms.

    Key Resistance Levels Hold the Answer

    The primary resistance zone sits at $1.30-$1.60, according to EGRAG. A sustained move above this range would signal bullish control and improve the odds of a Wave 3 breakout. Beyond that, XRP must reclaim $1.96 and then the $3-$3.60 zone. A decisive break above the previous Wave 1 peak would provide stronger technical confirmation that the next impulsive rally has begun.

    On the downside, immediate support is around $1.00-$0.95, followed by $0.75. If selling pressure intensifies, the $0.60-$0.52 zone represents the final major support area before the long-term bullish structure comes under pressure.

    Technical Setup Supported by Growing Fundamentals

    If Wave 3 materializes as projected, EGRAG believes XRP could significantly outperform its prior rally. Since Wave 1 delivered gains of roughly 1,200%, Fibonacci extension analysis suggests Wave 3 could produce an even larger move, with projected upside ranging between 1,900% and 2,000% from the anticipated bottoming zone.

    The bullish technical outlook is also backed by improving market fundamentals. Spot XRP exchange-traded funds (ETFs) have reportedly attracted approximately $1.5 billion in inflows, while the XRP Ledger’s tokenized real-world asset ecosystem has expanded beyond $4.3 billion, highlighting increasing institutional participation.

    Growing discussions around XRP’s potential role in cross-border payments have further boosted investor attention. However, analysts stress that technical confirmation remains essential. Until XRP secures sustained closes above the $1.30-$1.60 resistance area and breaks beyond its previous Wave 1 high, the projected long-term rally remains a technical possibility rather than a confirmed trend.

    FAQs

    1. What is the Elliott Wave 3 pattern for XRP?

    According to Elliott Wave theory, Wave 3 is typically the strongest and longest bullish phase. If XRP completes its Wave 2 correction, it could enter a powerful upward trend supported by increasing buying momentum.

    2. Why is the $1.30-$1.60 zone important?

    This range represents XRP’s key resistance area. A sustained close above it would indicate buyers have regained control and significantly strengthen the bullish outlook for a larger rally.

    3. What does the RSI bullish divergence indicate?

    A bullish RSI divergence occurs when price makes lower lows while the RSI forms higher lows. It often suggests weakening selling pressure and can signal a potential trend reversal, though confirmation is still required.

    4. What are XRP’s major support levels?

    Immediate support lies between $1.00 and $0.95, followed by $0.75. If selling intensifies, the $0.60-$0.52 range is viewed as the final major support zone before the long-term bullish structure weakens.

    5. What fundamental factors support XRP’s bullish outlook?

    Growing institutional interest, approximately $1.5 billion in spot XRP ETF inflows, and the XRP Ledger’s tokenized real-world asset ecosystem surpassing $4.3 billion continue to strengthen the long-term investment case for XRP.

  • XRP Defends $1 Support as Holder Losses Reach 2022 Bear Market Levels – Price Analysis

    XRP Defends $1 Support as Holder Losses Reach 2022 Bear Market Levels – Price Analysis

    XRP is holding the critical $0.93–$1.00 support zone after another steep weekly decline, while on-chain data shows holder losses matching levels last seen during the 2022 crypto bear market. Despite the bearish sentiment, analysts see a potential recovery toward $5–$8 if buyers reclaim major resistance levels.

    XRP’s $0.93 Support Becomes the Main Price Test

    Buyers reacted near $1.0079 this week, preventing an immediate break below the psychological $1 level. That response preserved the existing recovery setup, although the market has not confirmed a reversal. The wider support zone runs from $0.93 to $1.00, aligning with earlier breakout levels, a long-term rising trend line, and a Fibonacci extension followed by technical traders.

    Can XRP hold this zone long enough to rebuild momentum? A decisive close below $0.93 could weaken the bottoming structure and expose the next support area near $0.80. On the upside, XRP first faces resistance near $1.15. Bulls would then need to reclaim $1.40 before testing the stronger barrier between $1.70 and $1.90.

    Realized Losses Return to 2022 Bear-Market Levels

    Glassnode data shows XRP’s 90-day Realized Profit/Loss Ratio near 0.33. The reading matches 2022 bear-market levels and indicates that holders are selling more coins at a loss. The ratio compares the value of coins sold at a profit with those sold at a loss. Readings above one favor realized gains, while readings below one indicate greater losses. XRP’s ratio first fell below one in April 2026, when the token traded between $1.30 and $1.40. It later reached 0.38 in early June before declining again.

    Still, the indicator does not confirm a market bottom. During the 2022 downturn, the ratio fell below 0.20 before XRP continued lower toward $0.31.

    Analysts Map a Possible Fifth-Wave Recovery

    Analyst Dark Defender says XRP may be nearing the end of a wave-four correction around $0.93. That level closely matches the support zone that buyers currently defend. His weekly chart also places the Relative Strength Index near 29, which reflects oversold conditions. Under his Elliott Wave count, a fifth-wave advance could target $5.86 and then $8.78. The analyst also maps a longer-term target near $18.23—though that scenario requires a multi-year expansion and remains highly speculative.

    Mikybull Crypto also tracks a possible capitulation phase near XRP’s rising trend line from the 2020 market bottom. His chart places XRP near a major Fibonacci retracement and below the Ichimoku Cloud. His longer-term projection points to the $5–$8 range if XRP holds the trend line. Before then, the token must defend support, reclaim $1.40, and clear resistance between $1.80 and $1.90. A break above those levels could return attention to the previous cycle high near $3.60. A support failure could instead send XRP toward $0.80 before another recovery attempt.

    What’s Next?

    XRP remains at a decisive point as buyers defend the $0.93–$1.00 support zone while holder losses reach 2022 bear-market levels. A recovery above $1.40 could strengthen the bullish outlook, but losing $0.93 may expose $0.80. Traders should closely monitor these levels before expecting a sustained rebound.