NewsBTC
Nov 14, 2025
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XRP Elliott Wave Analysis Predicts Potential Breakout to $36

XRP's Elliott Wave Analysis:

  • The weekly chart for XRP shows a compressed structure indicating a potential major move.
  • Crypto analyst Dark Defender projects a possible rise to $36, based on an Elliott Wave pattern starting from June.
  • The current technical analysis reveals XRP in a narrowing triangle, poised for volatility as it approaches the triangle’s peak.

Elliott Wave Structure:

  • A five-wave Elliott structure began mid-June, with an initial rally forming Wave One and reaching an all-time high of $3.65.
  • The second wave has been corrective, creating lower highs and higher lows within a narrowing triangle.
  • The anticipated Wave Three expansion is expected to be the strongest, offering significant percentage gains.

XRP Price

Breakout Zone:

  • Key support is at $2.22, while resistance stands at $2.85, crucial for confirming the next phase.
  • A weekly close above $2.85 would signal entry into the impulsive third wave.
  • Fibonacci extensions suggest targets: 261.8% at $5.85 and 361.8% at $18.22, with final Wave Five around $36.76.

Currently, XRP trades at $2.31, down by 8.2% over the last 24 hours.

XRP price chart from Tradingview.com