Key Takeaways
- XRP is completing its fourth Elliott Wave, setting up for a potential fifth-wave surge.
- Fibonacci extensions point to resistance near $27, with intermediate targets between $4.7 and $18.2.
- Holding above $2.20 support signals strong bullish resilience.
The XRP price could be preparing for one of its most explosive moves yet, according to new technical analysis from EGRAG CRYPTO. Despite its current consolidation near the $2.49 mark, the analyst suggests that XRP is still “missing the fifth wave” — the final, often parabolic leg of the Elliott Wave Theory that has historically preceded major rallies.
XRP’s Fifth Wave Setup Gains Traction
EGRAG CRYPTO’s latest analysis outlines XRP’s position within a long-term five-wave Elliott structure. The cryptocurrency appears to be completing its fourth corrective phase — a period often marked by consolidation and market skepticism. Historically, this stage has preceded massive bullish extensions for XRP, such as those seen in 2017 and 2021.
The current setup mirrors these past patterns. XRP has successfully held above key support levels near $2.20, suggesting strong buying pressure and investor confidence. The analyst refers to this upcoming move as the “Power of 5,” predicting that it could be the most “explosive fifth wave yet.”
Fibonacci Levels Signal a Path to $27
EGRAG’s Fibonacci extension analysis offers a clear technical roadmap for XRP’s next rally. Key resistance levels lie at $4.78, $5.51, $6.75, and $18.25 — all potential milestones on the path to a projected peak around $27.
This target, while ambitious, aligns with previous long-term wave structures. The analyst also recalled a cautionary tale from earlier this year, when a trader lost $30 million shorting XRP during its sharp rebound — a reminder that disbelief phases often precede breakout rallies.
Market Sentiment Turns Cautiously Bullish
At the time of writing, XRP is trading around $2.49, up 9% in the last 24 hours. Broader crypto market sentiment is also improving, with total market capitalization rising 4.4% in the same period. While volatility remains subdued, analysts suggest that XRP’s structure hints at brewing momentum for another major uptrend.
Also Read: Bitcoin Buy Signal Fuels $100K Rally Expectations Amid Bullish Market Sentiment
Conclusion
While nothing in crypto is guaranteed, technical indicators suggest XRP may be preparing for a pivotal fifth-wave rally. If EGRAG CRYPTO’s projections hold, XRP’s next bullish cycle could test levels unseen since its all-time highs — making the coming weeks crucial for traders watching this long-term setup unfold.
