XRP Price Elliot Wave Pattern Signals Major Surge as Catalysts Multiply
XRP's technical setup screams bullish as Elliot Wave patterns align with growing fundamental catalysts.
The Wave Pattern Breakdown
Classic five-wave impulse formation suggests XRP is positioned for the next major leg up. Wave counts indicate the correction phase has completed—setting the stage for explosive momentum.
Catalysts Stacking Up
Regulatory clarity finally materializing while institutional adoption accelerates. Trading volume spikes confirm smart money positioning ahead of the move.
Market Psychology Shift
Retail FOMO hasn't even kicked in yet—the real surge happens when mainstream investors finally notice the technicals screaming buy. Meanwhile, traditional finance still thinks bonds are a safe haven while inflation eats their returns.
Price targets looking increasingly conservative as the pattern confirms. This isn't speculation—it's mathematics playing out in real-time.
XRP price Elliot Wave pattern points to a rebound
The daily timeframe chart shows that the xrp price is in the impulse phase of the Elliott Wave pattern.
The first phase started in June and then ended on July 18. It is now in the second phase, which normally retraces between 50% and 61.8% of the first bullish wave.
The second phase is then followed by the third one, which is normally the most bullish and the longest.
XRP has also formed other highly bullish chart patterns. For example, the lower side of the second Elliott Wave coincided with the formation of a double-bottom pattern at $2.70. The neckline of this pattern is at $3.20.
Additionally, the coin has formed a descending channel, which is part of the bullish flag pattern, one of the most popular continuation chart patterns in technical analysis.
The falling channel is part of the formation of the handle section of the cup-and-handle pattern.
Therefore, the combination of the Elliott Wave, double-bottom, bullish flag, and cup-and-handle points to an eventual rebound, potentially to the year-to-date high of $3.65, followed by the psychological level at $5.00
ETF growth to boost the Ripple token
XRP price has some notable catalysts that will help drive it higher in the coming weeks.
The most notable one is the rising odds that the Securities and Exchange Commission will approve the spot XRP ETFs as early as in October when the deadline for most of them comes.
XRP ETFs will likely have strong demand, as the recently launched XRPR fund has demonstrated, with its assets jumping to nearly $100 million in just a week.
The other futures-based XRP ETFs, like those launched by Teucrium and ProShares, have had substantial inflows in the past few months.
XRP Ledger has become a top-ten chain in the real-world asset (RWA) tokenization industry with over $350 million in assets. The developers hope to continue growing this market share by launching a new upgrade later this year.
Ripple Labs also hopes to become a major player in the payments industry, where it is partnering with banks and other companies to help simplify cross-border payments. Its stablecoin, RLUSD, which has accumulated $741 million in assets, will play a major role in this.
