XRP Elliott Wave Reality Check: Analyst Predicts $15-$31 Price Target

Cryptocurrency markets often reward patience and disciplined analysis, while impulsive hype can mislead investors. XRP, one of the most actively traded digital assets, currently sits at a pivotal juncture.

Traders are questioning whether the recent pullback represents a temporary pause or a structural reset before a major bullish surge. Understanding the mechanics of Elliott Wave theory offers clarity amid this uncertainty.

Egrag Crypto highlighted this scenario in a recent post on X, emphasizing precision over speculation. According to the analyst, XRP’s 2023–2025 rally fits a textbook impulsive Wave 1, exhibiting roughly an 814% expansion with strong momentum and clean adherence to a macro ascending channel.

This wave forms the structural foundation for analyzing the current correction and assessing the conditions needed to enter Wave 3.

Wave 2: The Ongoing Correction

The current pullback, labeled Wave 2, remains well within standard retracement boundaries of 50%–61.8%, although deeper retracements are not uncommon in crypto markets. Egrag Crypto notes that XRP has stayed inside the macro channel, indicating that the Wave 2 count remains valid. Wave 2 can continue sideways or slightly extend before Wave 3 begins, highlighting the risk of prematurely declaring an impulsive move.

Momentum indicators reinforce this assessment. XRP’s current consolidation reflects a balanced tug-of-war between bulls and bears, characteristic of Wave 2 corrections. Traders should monitor weekly closes and momentum expansion, as Egrag Crypto warns that Wave 3 requires structural confirmation, not merely belief. Until XRP decisively reclaims the Wave 1 high, the market remains in its corrective phase.

Wave 3: Structural Confirmation and Targets

Wave 3 is typically the most powerful stage in an Elliott Wave sequence. Egrag Crypto emphasizes that XRP will only enter Wave 3 once it reclaims the Wave 1 high of approximately $3.40 with a weekly close accompanied by expanding momentum.

Once confirmed, Fibonacci extensions and the macro ascending channel suggest a target range of $15–$31. This projection aligns with the log-scale chart spanning 2015–2031, which highlights XRP’s respect for macro channels and validates the impulsive structure of Wave 1.

Historically, Wave 3 waves produce the most dramatic price appreciation, and XRP’s strong trend adherence implies significant upside potential for investors who exercise patience. However, entering before structural confirmation exposes traders to the risk of mistaking a corrective rally for a new impulsive wave.

Strategic Implications for Investors

Egrag Crypto’s Elliott Wave analysis provides a disciplined roadmap for market participants. By distinguishing corrective consolidation from confirmed impulses, traders can better manage risk and time entries effectively. The key indicators to watch include weekly price reclaim of prior highs, momentum expansion, and adherence to macro channels. Patience now could reward investors with outsized gains when Wave 3 is validated.

In conclusion, XRP’s current price action reflects a textbook Wave 2 correction, still inside a broader bullish macro structure. Wave 3 potential exists, but it hinges on confirmation through structure and momentum rather than speculative hope. The $15–$31 target range offers a compelling reward for disciplined investors, emphasizing that in crypto markets, precision and timing often outweigh impulsive decisions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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