XRP bulls eye three-leg recovery, need $1.46 breakout toward $3.11

XRP bulls try to turn the crash into an ABC rebound. The setup starts from the recent ~$1.07 low and only works if price reclaims broken levels. Sources: NewsBTC on oversold conditions and macro support.

An Elliott W‑X‑Y corrective from highs above $3 has likely run its course, per a chart shared on X. Wave W ended with an ABC into early February, Wave X rallied above $1.50 in mid‑May, and Wave Y pulled back to ~$1.12. Sources: X post by RWA_Investor, NewsBTC on the mid‑May push, NewsBTC on the current ~$1.12 zone.

From here, the thesis flips from correction to a bullish impulse. The projected path is a three‑leg ABC into a $2.39–$3.11 target box. Sources: NewsBTC on the anticipated shift, X post with target box.

Key gates and levels:
- First gate near $1.46 as trendline S/R. Source: NewsBTC on the ABC plan.
- Possible rejection area around $2.12 on Wave A. Source: NewsBTC on the ABC plan.
- Wave B back toward ~$1.46 before Wave C. Source: NewsBTC on the ABC plan.
- Wave C aims for $2.70–$3.10, with $3.10+ signaling a macro bottom at ~$1.05. Sources: NewsBTC on the ABC plan, Bitcoinist on the ~$1.07 low.

Risk if momentum stalls below the upper band. Price could revisit $0.75–$1, with several analysts eyeing $0.87–$0.92 as a potential bottom zone. Source: NewsBTC on the $0.87–$0.92 target.

Title: XRP bulls map ABC rebound; $1.46 and $2.12 decide path to $2.39–$3.11

Notes and sources:
- Oversold conditions after the selloff: NewsBTC
- Macro support test and need to reclaim broken levels: NewsBTC
- Recent low around ~$1.07 and positioning: Bitcoinist
- W‑X‑Y map and ABC targets shared on X: RWA_Investor on X
- Mid‑May push above ~$1.50: NewsBTC
- Price near ~$1.12 at time of writing: NewsBTC
- Shift from correction to impulse and ABC roadmap: NewsBTC
- Downside completion zone $0.87–$0.92: NewsBTC

First mention coin link: XRP