XRP at $3.13: Do-or-Die Moment as Elliott Wave 3 Completes—What’s Next?

XRP traders, brace yourselves—the $3.13 level just became the hottest battleground in crypto. With Elliott Wave 3's completion confirmed, the next move could define XRP's trajectory for months.

The Technical Tightrope

Wave theory purists are circling like hawks. A clean breakout above $3.13 opens the floodgates for Wave 5's speculative frenzy. But falter here? Prepare for a retracement that'll have 'HODL' memes aging faster than a Lehman Brothers prospectus.

Market Psychology at Play

Retail traders are split between diamond hands and stop-loss panic. Meanwhile, institutional desks quietly adjust delta hedges—because nothing says 'blockchain revolution' like Wall Street's risk management playbook.

One thing's certain: In a market where 'fundamentals' mean whatever Twitter says they do, XRP's chart might be the only truth left. For now.

What to Know:

• XRP completed its Elliott Wave 3 target between $3.01-$3.07, with analyst Dark Defender noting this as a crucial technical milestone
• The $3.13 resistance level represents a make-or-break point that could either validate continued bullish momentum or trigger a bearish E Wave decline to $2.74
• Wave 4 corrections typically follow bullish Wave 3 movements, potentially offering buying opportunities before the final Wave 5 rally phase

Technical Analysis Points To Dual Scenarios

Dark Defender's Elliott Wave analysis suggests XRP faces two distinct paths forward. The completion of Wave 3 between $3.01 and $3.07 marks a significant technical achievement, but historically bullish waves often trigger corrections through Wave 4 patterns.

Wave 4 represents a bearish phase that typically follows strong upward momentum. This correction phase could provide strategic entry points for investors looking to accumulate positions before the next rally phase. The analyst notes such corrections are standard market behavior following substantial price advances.

The critical factor determining XRP's direction centers on the cryptocurrency's ability to break through $3.13 resistance. This level represents more than technical resistance—it serves as the dividing line between continued bullish momentum and potential bearish reversal patterns.

Resistance Break Could Invalidate Bearish Scenarios

A decisive break above $3.13 WOULD invalidate bearish wave patterns entirely, according to Dark Defender's analysis. Such a breakout would signal continued dominance from bullish investors and potentially trigger the final Wave 5 pattern, historically the most bullish phase in Elliott Wave theory.

However, rejection at this resistance level could activate the E Wave scenario. This bearish pattern would send XRP through multiple Fibonacci retracement levels, potentially driving the price down to $2.74. The E Wave represents a steep decline that would retrace significant portions of recent gains.

Current market conditions show the D Wave remains active, suggesting bullish forces maintain control. This wave pattern supports the possibility of eventual $3.13 resistance breakdown rather than rejection.

Elliott Wave Theory Context

Elliott Wave analysis divides market movements into five distinct phases, with Waves 1, 3, and 5 representing bullish momentum and Waves 2 and 4 showing corrective patterns. Wave 3 typically generates the strongest upward momentum, while Wave 5 often produces final rally phases before major corrections.

The theory suggests Wave 4 corrections provide necessary market breathing room before final upward moves.

These patterns help identify potential support and resistance levels based on mathematical relationships between wave structures.

Fibonacci retracements play crucial roles in Elliott Wave analysis, providing specific price targets during both bullish and bearish phases. These levels help traders identify potential reversal points and continuation patterns.

Closing Thoughts

XRP's completion of Elliott Wave 3 between $3.01-$3.07 sets up a critical test at $3.13 resistance, where breakthrough could trigger final Wave 5 rallies while rejection might activate E Wave declines to $2.74. The cryptocurrency stands at a technical crossroads that will likely determine its medium-term price direction based on bullish or bearish wave pattern validation.