XRP has shown a notable technical pattern over the past decade, completing a broad multi-year cycle that started around 2014–2016.
Analysts tracking Elliott Wave movements highlight that XRP’s price action has repeatedly confirmed higher lows and strong absorption zones, rather than chaotic sell-offs. The initial surge, classified as Wave (1), was followed by a long corrective Wave (2), during which the price moved sideways for several years.
This extended consolidation absorbed selling pressure and established a solid base for future upward moves, signaling that long-term holders were accumulating rather than exiting.
The latest charts indicate that Wave (3) was the strongest point in this cycle. The asset has overcome critical levels of resistance, and the market structure has turned positive. The next correction, Wave (4), appears to be guided.
Source: X
The price remains above critical support levels, such as the 21 EMA, forming higher lows and maintaining a strong structure. Experts believe that this type of correction is normal before the final push and indicate thatthe token is preparing for a strong Wave (5).
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Wave (5) Could Drive XRP’s Next Major Move
Technical analysis for XRP shows that Wave (5) may be the trigger for the next major price action. The target price range is $15 to $22, with an average target price of $20.50. The target prices have been derived from the previous price cycles of XRP using Fibonacci extensions and measured moves.
The charts illustrate the patterns of slowing momentum near support zones, followed by a resumption of a strong momentum rise. Analysts believe that a strong Wave (5) would most likely see more people participating in the market, pushing XRP towards its long-term potential.
Current technical indicators reveal that this is a significant change, and it is not just a guess. It is very easy to prove this wrong: if it fails to maintain key support levels or breaks its positive trend, the positive scenario would be in question. At the moment, all indicators point to the fact that the structure is still in place.
XRP Faces Short-Term Corrections
The long-term targets appear promising, but short-term action is still in play. The Wave 2 correction in XRP at approximately $2.11-$2.26 is significant in establishing the larger pattern.
Source: X
Analysts following this action state that a rejection at $2.26 would be supportive of the expected course, while a breakout above $2.41 would invalidate the current Wave 2 scenario. If the Wave 2 holds, XRP may eventually return to a larger-scale bullish trend, but short-term traders must exercise caution.
Also Read: XRP Break Above $2.23 Could Trigger 9%–11% Move Toward $2.36
