XRP appears to be approaching the end of its corrective structure after months of futile attempts at a bullish breakout. As per analysts, the market is transitioning from exhaustion into a decision phase.
According to analyst CasiTrades, XRP has completed a textbook move into the golden pocket, tagging the 0.618 retracement and the 1.618 extension of Wave 3. This zone often marks capitulation within corrective sequences.
The recent low also printed a clear bullish divergence, which indicates that sellers are losing strength.
With Wave 3 likely complete, attention now shifts to a potential Wave 4 relief rally. CasiTrades highlighted $1.78 as the first key resistance (the 0.382 Fib retracement). This area is expected to act as an initial backtest.
However, Elliott Wave structure shows that Wave 2 was notably shallow, retracing only to the 0.382. Historically, shallow second waves are often followed by deeper fourth waves. That opens the door for a stronger relief move.
If momentum follows, XRP could extend toward $1.93 and possibly the macro 0.5 retracement near $2.03. Reclaiming and holding $2.03 as support is very important, as it would reduce the probability of another impulsive leg down and increase the odds of a failed fifth wave.
Analyst XForceGlobal said the current structure is the final phase of an expanded flat correction. In this model, XRP is deep into Wave C, which is designed to be the most emotional and structurally destructive part of the pattern.
The analyst identified the broader completion zone between $1.14 and $1.60. Price recently traded within this range, and the analyst claims that the corrective sequence is nearing resolution. Expanded flats are known for exhausting participants before a meaningful trend reversal begins.
(adsbygoogle = window.adsbygoogle || []).push({});A sustained move above $1.78 would signal that Wave 4 relief is underway. Acceptance above $1.93 strengthens that case further. The critical level remains $2.03. A successful reclaim would likely invalidate the need for another sweep toward the lows.
The bearish scenario remains active until proven otherwise. Failure to break resistance could still send XRP back toward the $1.55 region, with a deeper pullback possible if broader market conditions deteriorate. As CasiTrades noted, nothing is confirmed until resistance is broken and held.
Related: Jeffrey Epstein’s Archives Reveal Plots Against XRP and XLM in 2014
