Ripple (XRP) is currently in a critical price range, and the Technical Analysis shows that long positions still have a chance to push the price into the fifth wave upward in Elliott Waves, with a potential target aimed at 5 dollars. However, maintaining the support level of 2.97 dollars in the short term will be key to sustaining the bullish structure.
Key Price Range: $2.97 to $3.10
Immediate support level: 2.97 USD, followed by 2.90 USD
Key support level: $2.79 (breaking below may trigger a deeper correction, target $2.21~$2.46)
Resistance level: 3.10 USD, followed by 3.30~3.40 USD
The daily chart shows that XRP is retesting the $2.97~$3.10 range, which has recently acted as both resistance and support.
Bullish scenario: Holding above $2.97 and reclaiming $3.10 will strengthen the breakout structure.
Bearish Scenario: Closing below $2.97 will hinder short-term bullish sentiment and may lead to a consolidation.
Weekly Chart and Long-Term Trend
Crypto World analyst Josh pointed out that there is still a bearish divergence signal on the weekly chart, but it has not yet failed. This means that while the long-term trend remains bullish, traders need to carefully observe short-term fluctuations.
As long as XRP stays above $2.79, technical analysts generally believe that September has marked the bottom of the fourth wave, and the fifth wave of a pump may follow, with a long-term target aimed directly at $5.
Elliott Waves Outlook: Potential of the Fifth Wave
According to the Elliott Waves theory, XRP may be in the early stages of the fifth wave of the impulse wave:
Current pullback: a healthy adjustment, paving the way for future upward momentum.
Target price level: If the bullish scenario holds, it is expected to reach 5 USD within the next few months.
Risk point: If it falls below $2.79, it will destroy the current wave structure and turn into a deeper correction.
Conclusion
The current price structure and wave count of XRP provide a clear battle map for long positions: maintaining 2.97 USD is key in the short term, while holding 2.79 USD is the lifeline for the long-term pattern. If support holds firm and breaks through 3.10 USD, the fifth wave rise of Elliott Waves may officially begin, and 5 USD will no longer be an unattainable target.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Elon Musk Unveils X Money Beta, Sparking XRP Integration Speculation as Token Tests $1.50
Elon Musk has revealed the beta launch of X Money, a payment platform integrated into the X social media network, with initial interface screenshots showing features for sending and receiving funds, direct deposit, and yield-bearing accounts.
CryptopulseElite1h ago
XRP Holds $1.40 as Bitcoin Rally and ETF Inflows Lift Crypto Market
Key Insights
XRP maintained support above $1.40 as the broader market rebounded, while strong inflows into Bitcoin ETFs helped restore trading confidence.
Bitcoin surged beyond $74,000 alongside gains in major altcoins, lifting total crypto market value close to $2.45 trillion in one
CryptoFrontNews3h ago
XRP Today's News: Musk X Money Beta Released, Sparks On-Chain Integration Speculation
Elon Musk's X company has launched a beta version of the X Money payment system, allowing users to transfer and manage funds, sparking widespread discussion about XRP integration. Although there are no official plans for cryptocurrency integration at the moment, the market is generally optimistic. Analysts believe that XRP has design advantages for payments, especially with improved regulatory environments, making it more promising. However, the practicality of stablecoins is also under scrutiny. XRP is currently testing the $1.50 technical resistance level. If successfully broken through, it could trigger further gains.
MarketWhisper3h ago
Ripple's "dark road" connects to Wall Street's core—Is XRP's spring coming?
Ripple, through the acquisition of Hidden Road and gaining eligibility to participate in DTCC, has become part of the core clearing system of the U.S. financial markets. This marks that it is no longer an outsider to traditional finance and is integrating crypto assets with financial infrastructure. Despite challenges such as regulation and trust, Ripple's strategic positioning suggests that XRP could become a key asset for institutional-level settlements in the future.
PANews4h ago
XRP Price Consolidates Under $1.5 — What Could Drive the Next Move to $2? - BTC Hunts
XRP is struggling to maintain its price above $1.40 amidst selling pressure and a bearish market. Key resistance at $1.48 and support at $1.33 will determine its next movement, with potential for upswing to $1.60 or a drop towards $1.20.
BTCHUNTS5h ago
