Ripple’s XRP remains steady with little change on the chart. The market is still in the midst of a larger upward trend, potentially forming a third wave in an Elliott Wave structure. However, an internal correction seems to be occurring, which is not fully visible on the broader time frame. XRP is currently positioned between the all-time high and the 2021 breakout point.
At the time of writing, XRP is trading at $2.47 and is up by more than five percent in the last 24 hours. A key level to watch is the $2.48–$2.49 range. A break above this level could signal a move higher. A sustained breakout above the price channel would suggest that XRP may target $2.76 or even higher.
From a technical perspective, XRP’s key support levels are between $1.50 and $1.79. As long as prices hold above this range, there could be further upside. On the resistance side, the $3.23–$3.30 range, which includes the all-time high, is important.
Longer-term, there is potential for XRP to reach $5–$10, but this could occur during either the third or fifth wave of the larger cycle. The overall trend remains upward, and close attention is being paid to any signs of additional upward momentum.
XRP price fluctuation heats up amid Ripple vs SEC drama! Read our long-term XRP price prediction to see what’s next for Ripple’s token!
The main risk areas lie between $1.50 and $1.79. There’s a chance XRP could stay above the 2021 high, avoiding a deep pullback. Instead, the price might experience a sideways correction. If the price moves higher, support levels will shift upward along with the price.
On the smaller time frame, XRP is attempting to break out of its current price channel, though the breakout has not yet been confirmed. The chart has followed an ABC pattern, hinting at a potential correction
XRP has the potential to hit $5–$10 long-term, likely during the third or fifth wave of its larger upward cycle.
Yes, XRP is potentially in the third wave of an Elliott Wave structure, with an internal correction occurring in the broader upward trend.
XRP might reach a high of $3.99 or an average of $3.07.
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