Expert Reveals XRP Outperforming Bitcoin - Must Hold This Critical Support for Epic Elliot Wave 3 Rally to $5.4

Crypto markets are buzzing as XRP defies expectations, leaving Bitcoin in its dust. One analyst's bold prediction has traders scrambling to position themselves.

The Support Line That Changes Everything

XRP isn't just moving—it's screaming toward a massive technical breakout. But there's a catch: the asset must maintain a specific support level that separates dreamers from realistic profit-takers.

Elliot Wave Theory Points to Historic Gains

Wave 3 patterns don't come around often, but when they do, they rewrite price charts. The projected target? A staggering $5.40 that would make even traditional finance brokers glance nervously at their Bloomberg terminals.

Forget sideways action—this is about momentum meeting opportunity while Wall Street still tries to figure out whether blockchain is a passing fad or the future of finance they'll inevitably try to over-regulate.

XRP Analysis/CasiTrades The crypto analyst noted that XRP must hold this support if it is to regain bullish momentum. She emphasized that trading above the level would set the tone for the start of the third wave of the textbook Elliot Wave pattern. Confirmation Point and XRP Wave Target Notably, CasiTrades highlighted the $3.12 price as the confirmation point should XRP resume its northward price drive. She noted that the resistance level would be a major impediment and breaking it would give room for higher prices. If XRP defies the supply zone, data from her chart shows that wave 3 of the Elliot Wave pattern targets the Fibonacci level at $4.47. Remarkably, this 53% rally from the current market price of $2.92 would mark a new all-time high for XRP. Meanwhile, the analyst expects the consolidatory wave 4 to spark a retest of the 0.32 Fibonacci level at $3.65 before the fifth and final wave. After the retracement, wave 5 of the Elliot Wave structure will push XRP to $5.4, representing an 85% rally from the current market price. Remarkably, the chart shows that XRP could go higher to the 1.618 Fibonacci extension at $5.55, further benefiting those who buy the current dip. Resistance Turns Support for XRP Another chart analysis further solidifies the Optimism among analysts. “CoinsKid” identified in his post today that XRP has flipped a former resistance to support. Specifically, he identified that the former resistance at $2.59 now serves as a support area for XRP and could provide the cushion required to rebound. The zone was a significant resistance zone for XRP on multiple occasions since December 2024, rejecting higher prices in January, March, and May. However, XRP broke out in July and has now turned the area into support. A bounce from the zone, if XRP were to retrace that low, would solidify the support and set XRP up for higher prices.