XRP Price Prediction: Elliott Wave Analysis Fuels $5 Target Optimism

XRP's Elliott Wave pattern sparks bullish momentum—technical traders eye the $5 horizon as wave counts align for potential breakout action.

Wave Theory in Motion

The current wave structure suggests XRP is carving out a classic five-wave progression. Third-wave extensions typically pack the most punch—and if history repeats, this could propel prices toward levels not seen since the 2017 mania.

Timing the Peaks and Troughs

Fibonacci retracements and extensions dovetail neatly with wave projections. Key resistance zones loom around previous all-time highs, but a clean break above could open the floodgates for speculative capital—because nothing gets TradFi refugees more excited than a chart that 'looks right'.

Market Psychology Meets Math

Elliott Wave theory isn’t just lines on a screen—it’s a narrative of crowd behavior. Greed, fear, and herd mentality all get quantified into predictable patterns. And right now, the pattern screams accumulation.

Regulatory Tailwinds or Headfakes?

Sure, the SEC’s shadow still looms, but technicals often lead fundamentals. A clean wave count suggests institutional money is already positioning—while retail remains distracted by the latest meme coin du jour.

Targets and Trap Doors

$5 isn’t a random number—it’s a confluence of logarithmic extensions and psychological barriers. But in crypto, even the prettiest charts can get rug-pulled by a single Elon tweet. Trade the pattern, but keep one hand on the exit.

XRP has been moving in a tight range after its strong rally earlier this year. While the larger trend still looks bullish, recent price action shows the token testing important support areas that could decide its next big move.

Weekly Chart Shows Divergence but Long-Term Trend Intact

On the weekly timeframe, analyst Josh of crypto World says XRP still carries a bearish divergence that has not yet been invalidated. This means some caution remains for long-term traders, even though the overall structure is still bullish. The bigger picture hints that XRP could be setting up for further upside, but short-term movements may continue to be choppy.

Daily Chart: Crucial $2.97–$3.10 Zone in Focus

On the daily chart, XRP is retesting the $2.97–$3.10 zone, which has acted as both resistance and support in recent weeks. A confirmed close back below $2.97 could weaken the bullish case in the short term, pushing the price into a sideways range.

If bulls manage to hold above $2.97 and reclaim $3.10, it WOULD strengthen the breakout structure. On the downside, a break below $2.90 would invalidate the current bullish setup and open the door for a retest of deeper support around $2.85–$2.90.

Support and Resistance Levels to Watch

• Immediate support: $2.97, followed by $2.90
  
• Critical support: $2.79 – breaking below this level could trigger a deeper correction, with targets around $2.21–$2.46
  
• Resistance levels: $3.10, followed by $3.30–$3.40
  

For now, as long as XRP stays above $2.79, the main thesis remains that September marked a fourth-wave bottom, with a possible fifth-wave rally targeting $5 in the longer term.

Elliott Wave Outlook: Bulls Still in Control

Analysts tracking wave counts predict XRP may be in a fifth wave higher. The current pullback appears to be part of a healthy correction within a broader uptrend. However, conviction remains low until XRP shows a clear five-wave MOVE upward.

If the bullish scenario plays out, XRP could extend toward $5 in the coming months. A failure to hold above $2.79, however, would favor a bearish scenario with a much deeper pullback.