XRP’s Golden Retrace Holds Firm at $2.90: Wave 3 Breakout Targets $5.4 Imminent
XRP defies volatility with textbook-perfect technical positioning—traders eye the next explosive leg up.
The Golden Retrace Holds
XRP isn't just holding—it's dominating. Sitting strong at the $2.90 retracement level, it's flashing a classic bullish signal that seasoned chart watchers live for. No fluff, no guesswork—just pure price action respecting key Fibonacci levels like it's following a script.
Wave 3 Breakout Incoming
Get ready for the momentum play of the quarter. Wave 3 isn't just a prediction—it's the most powerful impulse wave in Elliott's playbook, and XRP's setup screams potential. Targets lock in at $5.40, a level that would make even traditional finance analysts—if they ever looked up from their spreadsheets—raise an eyebrow.
Timing the Move
Markets wait for no one. With the retrace holding, the countdown to breakout mode is on. Volume buildup suggests smart money is positioning—not the usual 'buy the rumor, sell the news' crowd that gets rekt on leverage.
Because nothing says 'healthy market' like a 90% retrace followed by a 100% extension—while bankers still argue about whether crypto is a real asset class. Sure, guys. Keep shorting.
XRP Breaks Out Of Multi-Year Triangle
According to Captain Redbeard’s analysis, which was first posted on the social media platform X, XRP has completed a breakout from a triangle formation. This breakout is very notable, considering it’s a MOVE above a multi-year consolidation structure that has been developing since the last bull cycle.
As noted by Redbeard, “history doesn’t repeat, but it sure does rhyme.” Speaking of history, this exact setup appeared during 2017 before XRP surged to its previous all-time high of $3.4 in 2018. The breakout from such a long-term compression is particularly significant because it suggests that years of sideways movement have now built up enough energy for a strong directional move.
The 2-week candlestick price chart he shared shows XRP’s breakout of the triangle in early 2025. However, XRP’s price action in the past few months has seen the crypto consolidating with a parallel channel just above the 1.0 Fib extension level, just like it did in the middle of 2017 after a similar breakout.
However, the consolidation pattern is now coming to a close, and if history repeats itself, XRP could be on track for a similar breakout. In terms of a price target, the analyst’s chart projected a run to as high as $27.
Golden Retrace Support At $2.90
Captain Redbeard’s analysis captures the macro breakout, and the price target could take years to manifest. However, a shorter analysis of the 4-hour candlestick timeframe shows that XRP must hold firm above $2.90.
This context is based on an analysis by crypto analyst CasiTrades. Unlike Bitcoin, which recently dropped to $110,000 and is struggling to reclaim a 0.236 fib retrace at $112,700, XRP has shown greater resilience. The token has held firm around $2.90 to $2.91, which corresponds to the golden retracement level at 0.618 Fibonacci. In Elliott Wave theory, this is the area where a corrective Wave 2 typically finds support before a much stronger upward Wave 3 begins.
CasiTrades identified $3.12 as the immediate confirmation point to watch. A clean break above this level WOULD validate the bullish structure and set XRP on course for higher Fibonacci extensions. The projections highlight $4.48 as the next significant resistance zone and $5.40 as the ultimate Wave 3 price target.
At the time of writing, XRP is trading at $3.02, up by 3.4% in the past 24 hours.
