Key Insights:
- XRP reached major Fibonacci targets, with resistance at $2.16 setting up the next potential move.
- Support at $1.959–$2.041 must hold to keep momentum intact for wave continuation.
- Historical triangle breakouts in 2017, 2021 echo 2026’s setup for a possible 600% run.
XRP has reached the expected third wave targets based on Elliott Wave analysis. Price touched the 138.2% Fibonacci extension at $2.077 and was approaching resistance at $2.127 and $2.163. These levels are based on the 161.8% and 178.6% extensions, which are often used by traders to map potential turning points.
The move has come with increased trading activity. Over the last 24 hours, XRP has gained 4.2%, bringing its current price to $2.09. Over the past 7 days, the price was up 11.7%. While the expected move for wave (3) has played out, analysts say the top is “not yet confirmed,” and price action near resistance zones will decide the next direction.
Support Holding Above $1.95
The chart shows a support area between $1.959 and $2.041. This zone aligns with the 38.2% and 23.6% Fibonacci retracements from the recent move. As long as price stays above $1.959, the bullish trend remains valid. A drop below this level would suggest a failed breakout and could lead to a deeper pullback.
If XRP continues to hold this support and breaks through the $2.163 level, the next technical target sits at the 200% extension, which is near $2.209. This would mark the potential completion of wave (5) in the current structure.
Previous Patterns Support Breakout Case
XRP’s chart shows a repeating setup from earlier cycles. In 2017, the price moved from $0.0061 to over $2.77. In 2021, a breakout from $0.20 led to a move to $1.96. Both rallies followed large consolidation triangles.
The current pattern began near $2.00 and has broken out in a similar fashion. The breakout area is marked as the start of a new altcoin cycle. According to JAVON MARKS, “We are targeting a >600% run to $15+, modestly,” using the previous cycles as a reference for potential growth.
XRP Blasts Past Targets, Can It Break Through $2.16 Next? 3Source: JAVON⚡️MARKS/X
Ripple Holds 25% of XRP Supply
Ripple Labs Inc. holds 25% of the XRP supply in the system. This structure differs from most cryptocurrency projects. As reported by Fortune, Ripple expects the value of XRP to grow with increased network usage. The model connects token demand directly with real-world utility.
Ripple has stated that its network is designed to support cross-border transactions and financial access. The retained supply allows the company to support long-term growth and maintain alignment with network expansion.
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Source: https://coincu.com/analysis/xrp-blasts-past-targets/
