XRP Price Primed for Explosive Rally — Here’s Why $3 Isn’t Just a Pipe Dream

XRP just flashed its most bullish signal since the 2021 bull run — and this time, the stars are aligning for a serious breakout.

Key indicators scream accumulation

Whales are gobbling up XRP at levels not seen since Q1 2023, while retail traders remain oddly skittish. Classic setup for a violent upside move when the dam breaks.

Technical breakout brewing

The monthly chart shows XRP coiled tighter than a spring after 18 months of consolidation. That descending wedge? Textbook continuation pattern with measured move pointing straight to $3.50.

Regulatory fog lifting

With the SEC lawsuit finally off its back (and banking partners quietly testing settlement corridors), XRP's actual utility might — gasp — start mattering more than speculative hype for once.

Watch these two levels

A clean break above $0.75 confirms the pattern, while $1.20 becomes the launchpad for parabolic moves. Just don't tell the 'fundamental analysts' who still think price should reflect something as quaint as 'real-world usage'.

Bottom line: When this sleeping giant wakes up, the squeeze could send shockwaves through the entire altcoin market. Whether that happens next week or next quarter depends entirely on whether Bitcoin decides to play nice.

XRP Price Eyes Explosive Wave 3 Rally 

In a rather detailed X (formerly Twitter) post on July 7, CasiTrades, a prominent crypto analyst and trader, shared new insights on XRP’s future price movements, predicting its next breakout formation and highlighting the potential for a powerful Wave 3 rally. The analyst stated that XRP is currently flashing strong bullish continuation signals, as recent price action aligns with classic technical patterns, suggesting a major breakout above $3 may be near.

Looking at CasiTrade’s chart analysis, it appears that XRP has completed a textbook consolidation phase and has now reclaimed the critical $2.25 level, which served as the apex of the multi-month Symmetrical Triangle structure. Notably, the reclaim came after a brief fake-out to the downside. The $2.25 level also aligns with the 0.382 Fibonacci Retracement, marking it as a key macro resistance zone that turned support. 

Currently trading just above $2.3, CasiTrades revealed that XRP is testing local resistance. She noted that a confirmed breakout above this area could open the path to higher Fibonacci targets of $2.69 and $3.04. These levels also correspond to the 1.618 and higher macro Fibonacci Extensions from the previous rally wave. 

CasiTrades also highlights that XRP’s Relative Strength Index (RSI) is trending upward and remains below overbought zones, supporting continued upward momentum. She further notes that XRP is building this powerful breakout setup independently, without any bullish trigger from Bitcoin (BTC) or a major news catalyst. 

Moreover, XRP’s projected MOVE has been identified as Wave 3 of 3 in the Elliott Wave Theory. While the exact top of this wave setup is yet to be determined, CasiTrades confirms that the breakout itself could define the structure of Wave 3, allowing for a more precise projection of bullish targets as the rally unfolds. 

Wave 4 Correction To Trigger 40% Breakdown

Following XRP’s anticipated bullish breakout and the completion of its projected Wave 3 peak, CasiTrades predicts that the cryptocurrency could soon enter a significant corrective phase in the form of Wave 4. This price correction is expected to retrace approximately 40% from the breakout high, depending on where Wave 3 tops out. 

The analyst pointed to a possible timeline for the Wave 3 peak, noting a key Fibonacci convergence expected in late July that could not only mark the top but also the potential start of the Wave 4 decline. For instance, CasiTrades notes that if XRP extends to a $6.5 target, the resulting pullback WOULD likely lead to a retest toward the current all-time high near $3.84.