XRP may be completing its Elliott Wave 2 correction and nearing a potential Wave 3 breakout, according to market analyst EGRAG CRYPTO in his latest three-day technical analysis. The analysis identifies a developing bullish divergence between XRP's price and the Relative Strength Index (RSI): while XRP prints lower lows, the RSI forms higher lows, suggesting bearish momentum is fading. From an Elliott Wave perspective, Wave 2 represents the corrective phase following an initial impulsive rally, and if this correction nears completion, XRP could be approaching Wave 3, the stage that often delivers the strongest gains as buying momentum and capital inflows accelerate. The analyst emphasizes that XRP must break out of its corrective structure and reclaim critical resistance levels between $1.30 and $1.60 to confirm buyers have regained control. Elliott Wave theory posits that market cycles unfold in five-wave patterns, with Wave 3 typically producing the most powerful advance in the sequence.
EGRAG CRYPTO Identifies $1.30–$1.60 as Critical Resistance for XRP Breakout Confirmation
EGRAG CRYPTO states that XRP must first break out of its corrective structure and reclaim several critical resistance levels to confirm the bullish outlook. The most important hurdle lies between $1.30 and $1.60, where sustained closes would signal that buyers have regained control and significantly strengthen the bullish case. Per CoinCodex data, XRP is trading at $1.06. Beyond this zone, XRP would need to reclaim $1.96, followed by the $3.00–$3.60 region. A decisive break above the previous Wave 1 peak would provide the clearest confirmation that Wave 3 has officially begun, according to the analyst.
XRP Support Levels Defined at $1.00–$0.95, $0.75, and $0.60–$0.52
If XRP pulls back before breaking higher, EGRAG CRYPTO identifies several key support levels that could keep the bullish structure intact. Initial support sits between $1.00 and $0.95, followed by $0.75. A deeper correction toward $0.60–$0.52 would represent the final major support zone before the long-term bullish outlook is significantly weakened, per the analysis.
Analyst Projects 1,900%–2,000% Rally with Price Targets Up to $43.83
Should Wave 3 be confirmed, EGRAG CRYPTO's projections become considerably more ambitious. Since Wave 1 delivered roughly a 1,200% advance, Elliott Wave theory suggests Wave 3 could be even larger. Based on Fibonacci extensions and historical wave relationships, the analyst projects a potential 1,900%–2,000% rally from the expected bottoming area. This outlook translates into long-term price targets of $6.42, $13.37, $22.55, $29.63, and ultimately $43.83 if the full Elliott Wave structure unfolds as anticipated. EGRAG CRYPTO views the RSI divergence as an encouraging early signal, but stresses that price remains the ultimate confirmation. Until XRP secures sustained closes above the $1.30–$1.60 resistance zone and breaks beyond its previous Wave 1 high, the prospect of a 2,000% rally remains a compelling technical setup rather than a confirmed breakout.
Spot XRP ETFs Attract $1.5 Billion in Inflows as Tokenized Assets Exceed $4.3 Billion
The technical picture is supported by improving fundamentals. Spot XRP ETFs have attracted approximately $1.5 billion in inflows, while the XRP Ledger's tokenized real-world asset ecosystem has grown beyond $4.3 billion, reflecting increasing institutional participation and expanding enterprise adoption. XRP has generated additional attention after appearing at the top of Google Search results for the term "world bridge currency," fueling renewed speculation about its long-term role in global payments and cross-border settlement.
FAQ
What is the current price of XRP according to the analysis?
Per CoinCodex data cited in the analysis, XRP is trading at $1.06.
What resistance levels must XRP reclaim to confirm a Wave 3 breakout?
EGRAG CRYPTO identifies the $1.30–$1.60 zone as the most critical resistance. Beyond that, XRP must reclaim $1.96, followed by the $3.00–$3.60 region, and ultimately break above the previous Wave 1 peak to confirm Wave 3 has begun.
What are the long-term price targets if Wave 3 unfolds as projected?
Based on Fibonacci extensions and historical wave relationships, EGRAG CRYPTO projects price targets of $6.42, $13.37, $22.55, $29.63, and ultimately $43.83 if the full Elliott Wave structure unfolds as anticipated.
