XRP Primed for Takeoff? Wave 3 Formation Targets $3.82 – Here’s Why
Ripple's XRP is flashing bullish signals that could make crypto traders rethink their portfolios. A textbook Elliott Wave setup suggests the embattled token might be gearing up for a 150% surge—just as the SEC finally stops pretending it understands blockchain.
The Technical Case: Wave 3 patterns typically deliver the most explosive moves in any asset's trajectory. For XRP, that translates to a potential leap toward $3.82 if historical resistance levels break.
Market Context: While 'fundamentals' remain crypto's favorite punchline, the charts don't lie—liquidity is flooding back into altcoins, and XRP's dormant army of bagholders is waking up.
Risk Warning: Of course, this could also be another classic crypto fakeout. Remember: in a market where 'utility token' often means 'greater fool theory,' TA is just astrology for MBAs.
- XRP is testing the key $3 support level after failing to stay above $3.21.
- A potential breakout toward $3.82 is possible if the price rebounds.
- Wellgistics Health reveals real business use of XRP in its SEC filing.
XRP is once again holding the spotlight as it tests the $3 support after sliding from a recent high NEAR $3.50. The token had surged sharply before pulling back to the $3.00 level, where buyers are now stepping in to defend. At the time of writing, the token is priced around $3.13, staying just above its short-term moving average support.
CasiTrades, a well-followed market chartist, shared that the token’s recent drop could be part of a deeper market structure. According to him, the asset just completed a subwave 2 correction, pulling back to a DEEP Fibonacci retracement level.
What stands out is the lack of a new low, suggesting strength underneath. If this setup holds, the next MOVE could be a strong wave 3 rally targeting around $3.82.
He also pointed out that the $3.82 level has historical relevance, often cited as the previous all-time high for the token. That adds more weight to the idea that if the token breaks past the $3.21 resistance again, momentum could push it quickly toward new highs.
Some traders are staying cautious, especially heading into the weekend. But others believe that hesitation could set the stage for a surprise move upward.
XRP Bulls in Control with Uptrend Intact Above Key EMAs
The token’s short-term chart indicators remain positive, too. Each of its main exponential moving averages lies in a bullish alignment, with immediate support for a 20-day EMA located at $3.0191.
The 50-day and 100-day EMAs located at $2.67 and $2.48, respectively, are significantly lower than current price levels, suggesting a continuation of an uptrend.
The Relative Strength Index (RSI) currently sits at 60.04. It has declined from a high of 78.56, allowing the market to cool without flipping bearish. The RSI staying above 50 supports continued bullish momentum.
Meanwhile, the MACD has shown a bearish crossover, though the histogram remains only slightly negative at -0.0111. This mild shift suggests that downside pressure is limited, and a reversal could materialize if buying volume picks up.
The first level of resistance comes at $3.50, with additional potential for a rise to $3.85 and $4.00 should price action strengthen.
Business Use Case Gains Attention
Outside of charts and price action, XRP got a boost from a regulatory filing that’s turning heads. Bill Morgan, a known XRP attorney, highlighted details from Wellgistics Health’s S-1 FORM filed with the SEC.
The company isn’t just planning to hold the token as part of its reserves; it’s looking to use the XRP Ledger to handle real-time payments across its business.
What I have gathered from reading the S-1 form filed with the SEC today by Wellgistics Health is incredibly revealing. It is more than just a company using XRP in its treasury reserve.
This is a summary of what the filing revealed:
1. WH is not only planning to hold XRP as a…
The filing also outlines plans to raise capital using the token, earn income from its holdings, and use XRP as collateral. This is more than just theory; it’s a working example of XRP being used in real business operations. With that kind of backing, many are rethinking XRP’s potential beyond just trading.
