Crypto analysts are closely monitoring XRP's technical structure, identifying specific price levels that must be reclaimed to confirm the start of a potentially significant bullish wave. Analyst EGRAG CRYPTO published an updated Elliott Wave analysis titled "XRP – Elliott Wave Reality Check (W3 = $15–$31)", emphasizing that the anticipated Wave 3 has not yet officially begun.
EGRAG's Elliott Wave Breakdown: The analyst describes XRP's previous rally—an approximately 814% expansion—as a textbook impulsive Wave 1, characterized by strong momentum and clean channel respect. The current pullback is identified as a corrective Wave 2, which remains valid even though it has retraced between 50% and 61.8% of Wave 1's gains. EGRAG stresses that the wave structure remains intact as XRP stays within its broader macro channel.
The Critical Confirmation: According to EGRAG, Wave 3 will only be confirmed when XRP reclaims the Wave 1 high with a weekly close, accompanied by expanding momentum. Without this structural reclaim, the market remains in Wave 2 territory, which could still extend further or move sideways. Prematurely declaring the start of Wave 3 would be a mistake.
Concurrently, analyst Arthur highlighted a recurring daily pattern on the XRP chart that has historically preceded explosive price advances. He notes that XRP is approaching a key breakout zone between $1.48 and $1.50. Arthur's personal indicator shows that every previous upside trigger on the daily timeframe has led to strong bullish expansion.
Breakout Requirements: Arthur clarifies that this setup is only valid with a strong daily close above the $1.48-$1.50 resistance, not just an intraday spike. XRP has already gained 5.37% in the current trend, with momentum building beneath this technical barrier. The Relative Strength Index (RSI) is recovering toward the 45-50 region, suggesting improving buyer strength.
Potential Price Trajectory: If XRP secures a firm daily close above $1.50, technical structure suggests the next liquidity pocket could be between $1.60 and $1.68, due to reduced supply overhead. Failure to close above resistance would likely keep XRP trading in a compression range, with $1.35 acting as immediate support.
