TLDR
- XRP Elliott Wave count shows Wave 3 may extend toward $24 before topping.
- Weekly chart highlights resistance targets at $10.78, $15.56, $19.50, and $24.10.
- Bearish scenario projects a corrective decline to $3–$4 by 2027.
- On the 4H chart, XRP tests $3 neckline of inverse head and shoulders.
XRP price analysis points to a critical phase, shaped by both short-term chart patterns and long-term Elliott Wave projections. The token has recently broken out of a consolidation zone, fueling speculation that a larger impulsive cycle is developing. Analysts suggest that XRP may be entering Wave 3, often the most extended move in Elliott Wave structures.
Resistance levels remain crucial for determining momentum. Fibonacci-based targets at $10.78, $15.56, $19.50, and $24.10 have been outlined as potential points of exhaustion. These thresholds could provide both opportunity and risk for traders monitoring the medium-term outlook.
Elliott Wave Structure and Long-Term Scenarios
The weekly chart suggests XRP has completed Wave 2 and is beginning a new impulsive cycle. This phase often sets the stage for accelerated gains.
The bullish path indicates that XRP could climb into the $20 range by mid-to-late 2026. If momentum extends, the $24 mark may become a potential Wave 5 peak. Such a move would mirror classic Elliott Wave behavior, where Wave 3 tends to be the most powerful phase of a rally.
XRP/USD 1W Chart | Source: X
However, analysts also caution against assuming uninterrupted growth. Once a cycle top is established, historical patterns show that corrective A-B-C waves typically follow. Under this framework, XRP might revisit the $3–$4 range in Wave C, potentially stretching into 2027. Such retracements are consistent with the principle that corrections retrace a significant portion of prior impulses.
Near-Term Bullish Reversal Patterns Are Emerging
Furthermore, on shorter timeframes, XRP shows signs of renewed strength. The four-hour chart reveals an inverse head and shoulders structure, a setup often linked with bullish reversals.
XRP/USD 4H Chart | Source: X
The neckline, located in the $2.95–$3.00 zone, has become a decisive barrier. A breakout above this range with strong buying volume would confirm the pattern and open the door to further gains. Immediate targets point toward $3.20–$3.40, levels derived from the measured move projection of the formation.
Resistance and Retest Levels Remain Crucial
In addition, the $3.00–$3.10 region carries historical weight, having acted as a supply area where sellers consistently emerged. Any breakout attempt is likely to meet resistance here before continuation becomes possible.
Pullbacks remain part of the technical outlook. Analysts note that retesting old resistance as support is healthy in trending markets. If XRP can hold above $3.00 after such a retest, confidence in a sustainable rally would grow. Failure to maintain this level, however, may return price action toward $2.80–$2.85.
Traders Face the Question of Risk Management
At the same time, while immediate momentum favors buyers, broader structural risks remain. A surge toward double-digit prices could be followed by significant corrective phases.
Risk management is central to navigating this dual outlook. The bullish narrative suggests opportunity, but the corrective alternative warns of sharp reversals. With both scenarios plausible, traders may focus on volume confirmation and Fibonacci-based levels as guideposts in the months ahead.
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